Monday , December 23 2024
Home / Altcoins / Stellar Lumen (XLM) Price Primed To Test $0.15 Or Even $0.165

Stellar Lumen (XLM) Price Primed To Test $0.15 Or Even $0.165

Summary:
Stellar lumen price is attempting a fresh increase from the %excerpt%.1280 zone against the US Dollar. XLM price is now trading above %excerpt%.1320 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near %excerpt%.1350 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the %excerpt%.1400 resistance zone. Stellar lumen price is trading above %excerpt%.1320 against the US Dollar, like Bitcoin. XLM price must clear %excerpt%.1400 to gain bullish momentum. Stellar Lumen Price Analysis (XLM to USD) After a steady increase, Stellar lumen price saw a minor rejection near the %excerpt%.1400 zone against the US Dollar. The XLM/USD pair traded below the %excerpt%.1320 support and tested the %excerpt%.1280 zone. A low was

Topics:
Aayush Jindal considers the following as important: , , , ,

This could be interesting, too:

Bilal Hassan writes Morocco to Become First Developing Country with Clear Crypto Regulations

Bilal Hassan writes Cryptopia Liquidators Distribute 0 Million to Victims of 2019 Hack

Bilal Hassan writes Mo Shaikh Steps Down as CEO of Aptos Labs to Start New Chapter

Bilal Hassan writes FTX Announces January 2025 as Effective Date for Reorganization Plan

  • Stellar lumen price is attempting a fresh increase from the $0.1280 zone against the US Dollar.
  • XLM price is now trading above $0.1320 and the 55 simple moving average (4 hours).
  • There is a connecting bullish trend line forming with support near $0.1350 on the 4-hour chart (data feed via Kraken).
  • The pair could accelerate higher if there is a clear move above the $0.1400 resistance zone.

Stellar lumen price is trading above $0.1320 against the US Dollar, like Bitcoin. XLM price must clear $0.1400 to gain bullish momentum.

Stellar Lumen Price Analysis (XLM to USD)

After a steady increase, Stellar lumen price saw a minor rejection near the $0.1400 zone against the US Dollar. The XLM/USD pair traded below the $0.1320 support and tested the $0.1280 zone.

A low was formed near $0.1281 and the price is now attempting a fresh increase. There was a break above the $0.1320 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.140 swing high to the $0.1281 low.

XLM is now trading above $0.1320 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.1350 on the 4-hour chart.

The bulls are now attempting a close above the 76.4% Fib retracement level of the downward move from the $0.140 swing high to the $0.1281 low. On the upside, the price is facing resistance near the $0.1400 zone. The next major resistance is near the $0.1420 level.

A clear move above the $0.1420 level might send the price toward the $0.150 zone. Any more gains could lead the price toward the $0.1650 level or even $0.170.

Initial support on the downside is near the $0.1350 level or the trend line. The main support is near the $0.1280 zone. Any more losses could lead the price toward the $0.1220 level in the near term, below which the price might even retest $0.1150.

Stellar Lumen (XLM) Price Primed To Test $0.15 Or Even $0.165
Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.1320 and the 55 simple moving average (4 hours). Overall, the price could start a major increase if there is a clear move above the $0.140 resistance zone.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is gaining momentum in the bullish zone.

4 hours RSI – The RSI for XLM/USD is now above the 50 level.

Key Support Levels – $0.1400 and $0.1420.

Key Resistance Levels – $0.1350, $0.1280, and $0.1220.

Leave a Reply

Your email address will not be published. Required fields are marked *