{"id":111808,"date":"2021-02-08T10:41:40","date_gmt":"2021-02-08T10:41:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111808"},"modified":"2021-02-08T10:41:40","modified_gmt":"2021-02-08T10:41:40","slug":"stellar-lumen-xlm-price-seems-ready-for-fresh-rally-above-0-40","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/stellar-lumen-xlm-price-seems-ready-for-fresh-rally-above-0-40\/","title":{"rendered":"Stellar Lumen (XLM) Price Seems Ready For Fresh Rally above $0.40"},"content":{"rendered":"
Stellar lumen price is showing positive signs above $0.30000 against the US Dollar, similar to bitcoin. XLM price could clear the $0.3400 resistance unless it settles below $0.2800.<\/em><\/p>\n After forming a base above $0.2600, stellar lumen price started a strong increase against the US Dollar. The XLM\/USD pair cleared the $0.3500 resistance level and settled above the 55 simple moving average (4-hours).<\/p>\n The price even cleared the $0.4000 resistance. A high was formed near $0.4220 before the price started a fresh decline. It traded below the $0.4000 support level. There was a break below the 23.6% Fibonacci retracement level of the upward move from the $0.3140 swing low to $0.4220 high.<\/p>\n The price is holding gains above the $0.3600 support and the 55 simple moving average (4-hours). There is also a key rising channel forming with support near $0.3590 on the 4-hours chart.<\/p>\n The channel support is close to the 50% Fibonacci retracement level of the upward move from the $0.3140 swing low to $0.4220 high. If there is a downside break below the $0.3590 and $0.3580 support levels, there is a risk of more downsides.<\/p>\n The next major support is near the $0.3390 and the 55 simple moving average (4-hours). Any more losses could lead the price towards the $0.3000 support.<\/p>\n On the upside, the price is facing resistance near the $0.4000 level. A clear break above $0.4000 may possibly open the doors for a larger increase towards the $0.4200 level.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is clearly holding gains above the $0.3500 support and the 55 simple moving average (4-hours). Overall, the price could start a strong upward move if there is a clear break above the $0.4000 and $0.4050 resistance levels.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is slowly losing 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 $0.3590 and $0.3580.<\/p>\n Key Resistance Levels \u2013 $0.4000, $0.4050 and $0.4200.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n