Stellar Lumen (XLM) Price Struggles Below $0.1125 and Remains At Risk | Live Bitcoin News

• Stellar lumen price is gaining pace below the $0.115 resistance zone against the US Dollar.
• XLM price is now trading below $0.1135 and the 55 simple moving average (4 hours).
• There is a major bearish trend line forming with resistance near $0.1132 on the 4-hour chart (data feed via Kraken).
• The pair could start a fresh increase if it clears the $0.1150 resistance.

Stellar lumen price is trading below $0.1150 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1100 support.

Stellar Lumen Price Analysis (XLM to USD)

In the past few days, Stellar Lumen price struggled to recover above the $0.1185 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.

There was a move below the $0.1165 and $0.1150 levels. The price tested the $0.1100 zone. A low is formed near $0.1096 and the price is now consolidating losses. XLM is now trading below $0.1135 and the 55 simple moving average (4 hours).

Immediate resistance is near the $0.1112 level. It is near the 23.6% Fib retracement level of the downward move from the $0.1165 swing high to the $0.1096 low.

The next key resistance is seen near the $0.1132 level. There is also a major bearish trend line forming with resistance near $0.1132 on the 4-hour chart. It is close to the 50% Fib retracement level of the downward move from the $0.1165 swing high to the $0.1096 low.

A clear upside break above the $0.1132 zone might send the price toward $0.115. Any more gains could lead the price toward the $0.1188 level. If not, the price might continue to move down.

Initial support on the downside is near the $0.1100 level. The next major support is $0.1095. Any more losses could lead the price toward the $0.105 level in the near term, below which the price might even retest $0.100.

The chart indicates that XLM price is now trading below $0.1135 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $0.1150 resistance.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is losing momentum in the bearish zone.

4 hours RSI – The RSI for XLM/USD is now below the 50 level.

Key Support Levels – $0.1100 and $0.1095.

Key Resistance Levels – $0.1135, $0.1150, and $0.1188.

• 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-struggles-below-0-1125-and-remains-at-risk/