HomeAltcoin NewsStellar Lumen (XLM) Price Surges 10%, Next Key Resistance At $0.15

Stellar Lumen (XLM) Price Surges 10%, Next Key Resistance At $0.15

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  • Stellar lumen price is rising toward the $0.15 resistance zone against the US Dollar.
  • XLM price is now trading above $0.125 and the 55 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $0.1235 on the 4-hour chart (data feed via Kraken).
  • The pair could extend its increase if it clears the $0.1300 and $0.1320 resistance levels.

Stellar lumen price is trading above $0.1250 against the US Dollar, like Bitcoin. XLM price must stay above the $0.1220 support to rise further.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.1150 level, Stellar Lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.1200 resistance zone to move into a positive zone.

The price even cleared the $0.1220 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spiked to $0.1300 before the bears appeared. A high is formed near $0.1297 and the price is now consolidating gains.

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 $0.1235 on the 4-hour chart.

The price is also stable above the 23.6% Fib retracement level of the upward move from the $0.1172 swing low to the $0.1297 high. On the upside, the price is facing resistance near the $0.1300 zone. The next major resistance is near the $0.1320 level.

A clear move above the $0.1320 level might send the price toward the $0.1450 level. Any more gains could lead the price toward the $0.1500 level or even $0.1550 in the coming sessions.

Initial support on the downside is near the $0.1265 level. The next major support sits near the $0.1250 level or the trend line. It is near the 50% Fib retracement level of the upward move from the $0.1172 swing low to the $0.1297 high.

The main support is near the $0.1220 zone. Any more losses could lead the price toward the $0.1150 level in the near term.

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

The chart indicates that XLM price is now trading above $0.1250 and the 55 simple moving average (4 hours). Overall, the price could start another increase if it clears the $0.130 and $0.132 resistance levels.

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 – $0.1265 and $0.1220.

Key Resistance Levels – $0.1300, $0.1320, and $0.1500.

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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