- Stellar lumen price is gaining pace below the $0.124 resistance zone against the US Dollar.
- XLM price is now trading below $0.120 and the 55 simple moving average (4 hours).
- There was a break below a key bullish trend line forming with support near $0.1205 on the 4-hour chart (data feed via Kraken).
- The pair could extend its decline below the $0.1165 support zone in the near term.
Stellar lumen price is trading below $0.1250 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1165 support.
Stellar Lumen Price Analysis (XLM to USD)
In the past few days, Stellar Lumen price struggled to recover above the $0.1250 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
A high was formed near $0.1234 before there was a fresh decline. There was a move below the $0.122 and $0.120 levels. Besides, there was a break below a key bullish trend line forming with support near $0.1205 on the 4-hour chart.
The pair is now approaching the 50% Fib retracement level of the upward move from the $0.1123 swing low to the $0.1234 high. XLM is now trading below $0.120 and the 55 simple moving average (4 hours).
Immediate resistance is near the $0.120 level. The next key resistance is seen near the $0.124 level. A clear upside break above the $0.124 zone might send the price toward $0.132. Any more gains could lead the price toward the $0.145 level. If not, the price might continue to move down.
Initial support on the downside is near the $0.1165 level or the 61.8% Fib retracement level of the upward move from the $0.1123 swing low to the $0.1234 high.
The next major support is $0.1120. 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 $0.120 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $0.124 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 – $0.1165 and $0.1120.
Key Resistance Levels – $0.1200, $0.1240, and $0.1320.
- 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-signals-downtrend-below-0-120/
- :is
- :not
- 100
- 120
- 50
- 521
- a
- above
- against
- analysis
- and
- any
- approaching
- average
- bearish
- before
- below
- besides
- Bitcoin
- Bitcoin News
- Break
- Bullish
- Chart
- clear
- continue
- could
- data
- Days
- Decline
- Dollar
- down
- downside
- Even
- extend
- Failed
- few
- For
- formed
- fresh
- fresh increase
- from
- gaining
- Gains
- High
- higher
- HOURS
- HTTPS
- if
- in
- Increase
- indicates
- IT
- ITS
- Key
- key resistance
- Kraken
- lead
- Level
- levels
- like
- Line
- live
- Live Bitcoin News
- losses
- Low
- Lumen
- MACD
- major
- 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
- price
- Price Analysis
- Resistance
- retracement
- rsi
- seen
- send
- signals
- Simple
- start
- started
- Stellar
- Stellar Lumen
- support
- support levels
- Swing
- term
- that
- The
- There.
- to
- toward
- trades
- Trading
- TradingView
- Trend
- Upside
- upward
- us
- US Dollar
- USD
- via
- was
- which
- with
- XLM
- xlm price
- XLM/USD
- zephyrnet