HomeAltcoin NewsStellar Lumen (XLM) Price Could Restarts Increase If It Stays above $0.125

Stellar Lumen (XLM) Price Could Restarts Increase If It Stays above $0.125

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  • Stellar lumen price started a downside correction from the $0.1380 zone against the US Dollar.
  • XLM price is now trading near $0.1300 and the 55 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $0.1280 on the 4-hour chart (data feed via Kraken).
  • The pair could start another increase if it clears the $0.1315 and $0.1355 resistance levels.

Stellar lumen price is trading above $0.125 against the US Dollar, like bitcoin. XLM’s price must stay above the $0.1250 support to rise again.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.1200 level, Stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.1250 resistance zone to move into a positive zone.

The price even cleared the $0.1300 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spiked to $0.1380 before it corrected lower. There was a drop below the $0.132 support level.
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The price is now trading below the 50% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1383 high. XLM is now trading above $0.1250 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.1280 on the 4-hour chart.

On the upside, the price is facing resistance near the $0.1315 zone. The next major resistance is near the $0.1350 level. A clear move above the $0.1350 level might send the price toward the $0.1380 level.

Any more gains could lead the price toward the $0.1420 level or even $0.1500. Initial support on the downside is near the $0.128 level.

The next major support sits near the $0.1250 level or the 76.4% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1383 high. Any more losses could lead the price toward the $0.1200 level in the near term.

Stellar Lumen (XLM) Price
Stellar Lumen (XLM) Price

The chart indicates that XLM’s price is now trading near $0.130 and the 55 simple moving average (4 hours). Overall, the price could start another increase if it clears the $0.132 and $0.135 resistance levels.
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Technical Indicators

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

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

Key Support Levels – $0.128 and $0.125.

Key Resistance Levels – $0.1315, $0.1350, and $0.1380.

Aayush Jindal
Aayush Jindal
Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets.

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