{"id":107055,"date":"2021-01-04T11:38:36","date_gmt":"2021-01-04T11:38:36","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107055"},"modified":"2021-01-04T11:38:36","modified_gmt":"2021-01-04T11:38:36","slug":"stellar-lumen-xlm-price-gaining-bullish-momentum-towards-0-17","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/stellar-lumen-xlm-price-gaining-bullish-momentum-towards-0-17\/","title":{"rendered":"Stellar Lumen (XLM) Price Gaining Bullish Momentum Towards $0.17"},"content":{"rendered":"
Stellar lumen price is gaining bullish momentum above $0.1400 against the US Dollar, while bitcoin holding gains. XLM price is likely to rally further towards the $0.1700 barrier in the near term.<\/em><\/p>\n This past week, stellar lumen price formed a strong support base above the $0.1220 level against the US Dollar. The XLM\/USD pair started a steady increase above the $0.1300 and $0.1350 level to continue higher.<\/p>\n To start the recent increase, there was a break above a major bearish trend line with resistance near $0.1320 on the 4-hours chart. The pair is now trading above the $0.1400 resistance and the 55 simple moving average (4-hours).<\/p>\n There was also a break above the 50% Fibonacci retracement level of the key downward move from the $0.1543 high to $0.1226 low. The current price action suggests chances of more upsides above $0.1500.<\/p>\n The price is currently testing the 76.4% Fibonacci retracement level of the key downward move from the $0.1543 high to $0.1226 low. A clear break above the $0.1500 and $0.1550 levels may possibly increase the chances of a move above $0.1620 level.<\/p>\n In the stated case, the price could even hit the $0.1700 level in the coming sessions. Any more upsides might call for a test of the $0.1800 level.<\/p>\n Conversely, the price might start a downside correction from $0.1500 or $0.1550. An initial support on the downside is near the $0.1400 level. The next major support on the downside is near the $0.1350 level.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is clearly gaining bullish momentum above $0.1400 and the 55 simple moving average (4-hours). Overall, the price is likely to continue higher towards the $0.1550 and $0.1700 resistance levels in the near term.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is gaining momentum in the bullish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is currently well above the 50 level.<\/p>\n Key Support Levels \u2013 $0.1400 and $0.1300.<\/p>\n Key Resistance Levels \u2013 $0.1500, $0.1550 and $0.1700.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n