Bitcoin

Stellar Lumen (XLM) Price Faces Uphill Task Near $0.145

1 Mins read
  • Stellar lumen price is struggling below the $0.150 resistance zone against the US Dollar.
  • XLM price is now trading below $0.150 and the 55 simple moving average (4 hours).
  • There is a key bearish trend line forming with resistance near $0.140 on the 4-hour chart (data feed via Kraken).
  • The pair could start a fresh increase if it clears the $0.1420 resistance.

Stellar lumen price is trading below $0.150 against the US Dollar, similar to Bitcoin. XLM price could extend losses if it trades below the $0.132 support.

Stellar Lumen Price Analysis (XLM to USD)

After a sharp decline below $0.165, Stellar Lumen price moved into a bearish zone against the US Dollar. The XLM/USD pair traded below the $0.150 level.

There was also a spike below the $0.135 support zone. A low was formed near $0.1332 and the price is now consolidating losses. There was a move above the $0.135 and $0.138 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1719 swing high to the $0.1332 low.

However, the bears were active near the $0.145 zone. XLM is now trading below $0.150 and the 55 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.140 on the 4-hour chart.

The next key resistance is seen near the $0.142 level. A clear upside break above the $0.142 zone might send the price toward $0.150. Any more gains could lead the price toward the $0.1520 level or even 50% Fib retracement level of the downward move from the $0.1719 swing high to the $0.1332 low.

Initial support on the downside is near the $0.132 level. The next major support is near the $0.1250 zone. Any more losses could lead the price toward the $0.1120 level in the near term, below which the price might even retest $0.1050. The next major support is near $0.10.

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

The chart indicates that XLM price is now trading below $0.145 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $0.1420 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 – $0.132 and $0.125.

Key Resistance Levels – $0.1420, $0.1450, and $0.1520.


Source link

Related posts
Bitcoin

Meilenstein in Reichweite: Anleger haben knapp 44 Millionen US Dollar investiert

3 Mins read
Mit Wall Street Pepe gibt es einen neuen Meme Token, der für Aufsehen sorgt – und das, bevor überhaupt die offizielle Aufnahme…
Bitcoin

Bitcoin May Hit $1.5 Million By 2035 According To Metcalfe’s Law, Analyst Predicts

2 Mins read
Este artículo también está disponible en español. As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on…
Bitcoin

Bitfinex Derivatives Moves to El Salvador After Receiving License

1 Mins read
Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving…

 

 

Leave a Reply

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