Stellar Lumen (XLM) Price Could Rally Further above $0.135 | Live Bitcoin News

• Stellar lumen price is rising toward the $0.150 resistance zone against the US Dollar.
• XLM price is now trading above $0.120 and the 55 simple moving average (4 hours).
• There is a key bullish trend line forming with support near $0.1320 on the 4-hour chart (data feed via Kraken).
• The pair could start another increase if it clears the $0.135 and $0.142 resistance levels.

Stellar lumen price is trading above $0.130 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1240 support to rise further.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.1120 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 $0.1320 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spiked to $0.1350 before the bears appeared. A high was formed near $0.1346 and the price is now consolidating gains.

XLM is now trading above $0.130 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.1320 on the 4-hour chart.

The price is also stable above the 23.6% Fib retracement level of the upward move from the $0.1174 swing low to the $0.1346 high. On the upside, the price is facing resistance near the $0.1350 zone. The next major resistance is near the $0.142 level.

A clear move above the $0.142 level might send the price toward the $0.150 level. Any more gains could lead the price toward the $0.1650 level or even $0.1720 in the coming sessions.

Initial support on the downside is near the $0.1320 level and the trend line. The next major support sits near the $0.1260 level or the 50% Fib retracement level of the upward move from the $0.1174 swing low to the $0.1346 high.

The main support is near the $0.1240 zone. Any more losses could lead the price toward the $0.1150 level in the near term.

The chart indicates that XLM price is now trading above $0.130 and the 55 simple moving average (4 hours). Overall, the price could start another increase if it clears the $0.135 and $0.142 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 – $0.1320 and $0.1240.

Key Resistance Levels – $0.1350, $0.1420, and $0.1500.

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• Source: https://www.livebitcoinnews.com/stellar-lumen-xlm-price-could-rally-further-above-0-135/