- Stellar lumen price is moving lower from the $0.1260 resistance zone against the US Dollar.
- XLM price is now trading below $0.1180 and the 55 simple moving average (4 hours).
- There is a connecting bearish trend line forming with resistance near $0.1150 on the 4-hour chart (data feed via Kraken).
- The pair could extend its decline below the $0.1120 support zone in the near term.
Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1120 support.
Stellar Lumen Price Analysis (XLM to USD)
In the past few sessions, Stellar Lumen price struggled to climb above the $0.1260 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
There was a move below the $0.1200 and $0.1180 levels. The decline gained pace below the $0.1150 level. A low was formed near $0.1088, and the price is now consolidating losses. It managed to recover a few points above the 23.6% Fib retracement level of the downward move from the $0.1262 swing high to the $0.1088 low.
XLM is now trading below $0.1180 and the 55 simple moving average (4 hours). Immediate resistance is near the $0.1150 level. There is also a connecting bearish trend line forming with resistance near $0.1150 on the 4-hour chart.
The next key resistance is seen near the $0.1175 level or the 50% Fib retracement level of the downward move from the $0.1262 swing high to the $0.1088 low.
A clear upside break above the $0.1175 zone might send the price toward $0.1200. Any more gains could lead the price toward the $0.1265 level. If not, the price might continue to move down. Initial support on the downside is near the $0.1120 level. The next major support is $0.1085. Any more losses could lead the price toward the $0.100 level in the near term, below which the price might even test $0.0950.
The chart indicates that XLM price is now trading below $0.1180 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $0.1175 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 – $0.1120 and $0.1085.
Key Resistance Levels – $0.1150, $0.1175, and $0.1200.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.livebitcoinnews.com/stellar-lumen-xlm-price-could-accelerate-lower-below-this-support/
- :is
- :not
- 100
- 23
- 50
- 500
- a
- above
- accelerate
- against
- also
- analysis
- and
- any
- average
- bearish
- below
- Bitcoin
- Bitcoin News
- Break
- Chart
- clear
- climb
- Connecting
- consolidating
- continue
- could
- data
- Decline
- Dollar
- down
- downside
- downward
- Even
- extend
- Failed
- few
- For
- formed
- fresh
- fresh increase
- from
- gained
- gaining
- Gains
- High
- higher
- HOURS
- HTTPS
- if
- immediate
- in
- Increase
- indicates
- initial
- IT
- ITS
- Key
- key resistance
- Kraken
- lead
- Level
- levels
- like
- Line
- live
- Live Bitcoin News
- losses
- Low
- lower
- Lumen
- MACD
- major
- managed
- max-width
- might
- Momentum
- more
- move
- moving
- moving average
- Near
- news
- next
- now
- of
- on
- or
- overall
- Pace
- pair
- past
- plato
- Plato Data Intelligence
- PlatoData
- points
- price
- Price Analysis
- Recover
- Resistance
- retracement
- rsi
- seen
- send
- sessions
- Simple
- start
- started
- Stellar
- Stellar Lumen
- support
- support levels
- Swing
- term
- test
- that
- The
- There.
- this
- to
- toward
- trades
- Trading
- TradingView
- Trend
- Upside
- us
- US Dollar
- USD
- via
- was
- which
- with
- XLM
- xlm price
- XLM/USD
- zephyrnet