cryptocurrency

Star lumen (XLM) price can rise above $0.12

  • The Stellar Lumen price started a new increase above the $0.1140 resistance area against the US Dollar.
  • XLM price is now trading above $0.1135 and the 55 simple moving average (4 hours).
  • There was a break above the major downtrend line with resistance near $0.1050 on the 4 hours chart (data feed via Kraken).
  • The pair could continue rising if it remains above the $0.1110 and $0.1080 support levels.

The Stellar Lumen is trading above $0.1350 against the US Dollar, similar to Bitcoin. XLM price must remain above the $0.1110 support for a further rally.

Stellar Lumens Price Analysis (XLM to USD)

After forming a base above the $0.1000 level, the Stellar Lumen price started a new rally against the US Dollar. The XLM/USD pair broke the $0.1100 resistance area to move into positive territory.

The price even broke the $0.1120 resistance and the 55 simple moving average (4-hours). There was a move above the 23.6% Fib retracement level of the downside move from the $0.1296 swing high to $0.0984 low. It even cleared the $0.1125 resistance area.

There was a break above the major downtrend line with resistance near $0.1050 on the 4-hour chart. XLM is also trading above $0.1135 and the 55 simple moving average (4 hours). It is now consolidating above the 50% Fib retracement level of the downside move from the $0.1296 swing high to $0.0984.

On the upside, the price is facing resistance near the $0.1158 region. The next major resistance is near the $0.1180 level. A clear move above the $0.1180 level could push the price towards the $0.1280 level. Any further gains could lead the price towards the $0.1320 level or even $0.1350 in the coming days.

There is initial support on the downside near the $0.1110 level. The main support is near the $0.1080 area. Any further losses could push the price towards the $0.1020 level in the near term, which could retest $0.1000 below it.

Star Lumen (XLM) Rate

The Schedule It indicates that the price of XLM is now trading above $0.1135 and the 55 simple moving average (4 hours). In general, the price may continue to rise if it stays above the $0.1110 and $0.1080 support levels.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is gaining momentum in bullish territory.

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

Key support levels – $0.1110 and $0.1080.

Key resistance levels – $0.1180, $0.1250 and $0.1300.

Tags: Excellent, Excellent, Lumens, XLM

#Star #lumen #XLM #price #rise

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