Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000
- Stellar lumen price is rising toward the $0.120 resistance zone against the US Dollar.
- XLM price is now trading above $0.10 and the 55 simple moving average (4 hours).
- There is a key bullish trend line forming with support near $0.100 on the 4-hour chart (data feed via Kraken).
- The pair could start another increase if it clears the $0.115 and $0.120 resistance levels.
Stellar lumen price is trading above $0.10 against the US Dollar, similar to Bitcoin. XLM price must stay above the $0.120 support to rise further.
Stellar Lumen Price Analysis (XLM to USD)
After forming a base above the $0.075 level, Stellar Lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.088 resistance zone to move into a positive zone.
The price even cleared the $0.0950 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spike to $0.1180 before the bears appeared. A high was formed near $0.1177 and the price is now consolidating gains.
XLM is now trading above $0.10 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.100 on the 4-hour chart.
The price is also stable above the 23.6% Fib retracement level of the upward move from the $0.0752 swing low to the $0.1177 high. On the upside, the price is facing resistance near the $0.114 zone. The next major resistance is near the $0.118 level.
A clear move above the $0.118 level might send the price toward the $0.120 level. Any more gains could lead the price toward the $0.1250 level or even $0.1320 in the coming sessions.
Initial support on the downside is near the $0.100 level and the trend line. The next major support sits near the $0.0965 level or the 50% Fib retracement level of the upward move from the $0.0752 swing low to the $0.1177 high.
The main support is near the $0.092 zone. Any more losses could lead the price toward the $0.085 level in the near term.
The chart indicates that XLM price is now trading above $0.10 and the 55 simple moving average (4 hours). Overall, the price could start another increase if it clears the $0.114 and $0.12 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 – $0.100 and $0.0965.
Key Resistance Levels – $0.115, $0.120, and $0.132.
- 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. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://www.livebitcoinnews.com/stellar-lumen-xlm-price-could-rally-further-above-0-12/
- :is
- $3
- $UP
- 10
- 100
- 12
- 23
- 28
- 32
- 50
- 7
- a
- above
- against
- also
- analysis
- and
- Another
- any
- appeared
- average
- base
- Bears
- before
- Bitcoin
- Bitcoin News
- Bonus
- Broke
- Bullish
- Chart
- clear
- COM
- coming
- comments
- consolidating
- could
- data
- Dollar
- downside
- end
- Even
- facing
- First
- follow
- For
- formed
- fresh
- fresh increase
- from
- further
- gaining
- Gains
- get
- High
- HOURS
- HTTPS
- if
- in
- Increase
- indicates
- internal
- into
- IT
- Key
- Kraken
- lead
- Level
- levels
- Line
- live
- Live Bitcoin News
- logo
- losses
- Low
- Lumen
- MACD
- Main
- major
- might
- Momentum
- more
- move
- moving
- moving average
- must
- Near
- news
- next
- now
- of
- on
- or
- overall
- pair
- plato
- Plato Data Intelligence
- PlatoData
- positive
- Post
- price
- Price Analysis
- rally
- Referral
- Resistance
- retracement
- Rise
- rising
- rsi
- send
- sessions
- sign
- similar
- Simple
- sits
- spike
- stable
- start
- started
- stay
- Stellar
- Stellar Lumen
- such
- support
- support levels
- Swing
- TAG
- term
- that
- The
- There.
- to
- toward
- Trading
- TradingView
- Trend
- Upside
- upward
- us
- US Dollar
- USD
- via
- was
- with
- XLM
- xlm price
- XLM/USD
- Your
- zephyrnet