Stellar lumen price is gaining pace below the %excerpt%.125 support zone against the US Dollar. XLM price is now trading below %excerpt%.122 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near %excerpt%.1220 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the %excerpt%.1185 support zone in the near term. Stellar lumen price is trading below %excerpt%.1220 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the %excerpt%.1185 support. Stellar Lumen Price Analysis (XLM to USD) In the past few sessions, Stellar Lumen price struggled to climb above the %excerpt%.1280 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline. A high was
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- Stellar lumen price is gaining pace below the $0.125 support zone against the US Dollar.
- XLM price is now trading below $0.122 and the 55 simple moving average (4 hours).
- There is a connecting bearish trend line forming with resistance near $0.1220 on the 4-hour chart (data feed via Kraken).
- The pair could extend its decline below the $0.1185 support zone in the near term.
Stellar lumen price is trading below $0.1220 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1185 support.
Stellar Lumen Price Analysis (XLM to USD)
In the past few sessions, Stellar Lumen price struggled to climb above the $0.1280 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
A high was formed near $0.1281 before there was a fresh decline. There was a move below the $0.1250 and $0.1220 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.1156 swing low to the $0.1281 high.
XLM is now trading below $0.122 and the 55 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $0.1220 on the 4-hour chart.
Immediate resistance is near the $0.1210 level. The next key resistance is seen near the $0.125 level. A clear upside break above the $0.125 zone might send the price toward $0.138. Any more gains could lead the price toward the $0.142 level.
If not, the price might continue to move down. Initial support on the downside is near the $0.1185 level or the 76.4% Fib retracement level of the upward move from the $0.1156 swing low to the $0.1281 high.
The next major support is $0.1145. Any more losses could lead the price toward the $0.1105 level in the near term, below which the price might even test $0.1050.
The chart indicates that XLM price is now trading below $0.122 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $0.125 resistance.
Technical Indicators
4 hours MACD – The MACD for XLM/USD is gaining momentum in the bearish zone.
4 hours RSI – The RSI for XLM/USD is now below the 50 level.
Key Support Levels – $0.1185 and $0.1145.
Key Resistance Levels – $0.1210, $0.1250, and $0.1380.