{"id":120953,"date":"2021-04-13T09:55:45","date_gmt":"2021-04-13T09:55:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120953"},"modified":"2021-04-13T09:55:45","modified_gmt":"2021-04-13T09:55:45","slug":"stellar-lumen-xlm-price-eyeing-upside-break-above-0-65","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-eyeing-upside-break-above-0-65\/","title":{"rendered":"Stellar Lumen (XLM) Price Eyeing Upside Break Above $0.65"},"content":{"rendered":"
Stellar lumen price is showing positive signs above $0.5500 against the US Dollar, similar to bitcoin. XLM price could soon accelerate higher above the $0.6500 and $0.6600 levels.<\/em><\/p>\n After forming a base above the $0.4200 zone, stellar lumen price started a fresh increase against the US Dollar. The XLM\/USD pair broke the key $0.4800 and $0.5000 resistance levels to move into a positive zone.<\/p>\n The pair rallied nicely above the $0.5500 resistance. It tested the $0.6500 zone and settled above the 55 simple moving average (4-hours). A high was formed near $0.6555 before there was a downside correction. The price dipped below the $0.6000 level, but the bulls were active near $0.5650.<\/p>\n A low is formed near $0.5657 and the price is now rising. It broke the 50% Fibonacci retracement level of the downward move from the $0.6555 swing high to $0.5657 low.<\/p>\n There is also a major bullish trend line forming with support near $0.5500 on the 4-hours chart. An immediate resistance is near the $0.6200 level. It is near the 61.8% Fibonacci retracement level of the downward move from the $0.6555 swing high to $0.5657 low.<\/p>\n The first major resistance is near the $0.6500 level. A clear break above the $0.6500 level may possibly pump the price towards the $0.7500 and $0.8000 levels in the coming sessions.<\/p>\n If there is no upside break above $0.6500, the price could move down. The first key support is near the $0.5500 level. The main support is now forming near $0.5000 and the 55 simple moving average (4-hours).<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is clearly trading well above $0.5500 and the 55 simple moving average (4-hours). Overall, the price is likely to continue higher above the $0.6500 resistance as long as it is above the $0.5500 level.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is now 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 $0.5500 and $0.5000.<\/p>\n Key Resistance Levels \u2013 $0.6200, $0.6500 and $0.7500.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n