{"id":123491,"date":"2021-05-03T09:00:51","date_gmt":"2021-05-03T09:00:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123491"},"modified":"2021-05-03T09:00:51","modified_gmt":"2021-05-03T09:00:51","slug":"stellar-lumen-xlm-price-gaining-momentum-bulls-aim-0-65","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-gaining-momentum-bulls-aim-0-65\/","title":{"rendered":"Stellar Lumen (XLM) Price Gaining Momentum, Bulls Aim $0.65"},"content":{"rendered":"
Stellar lumen price is gaining pace above $0.5000 against the US Dollar, similar to bitcoin. XLM price could extend its rally once there is a close above $0.5750.<\/em><\/p>\n After testing the $0.3800 support zone, stellar lumen price started a fresh increase against the US Dollar. The XLM\/USD pair broke the $0.4000 and $0.4500 resistance levels to move into a positive zone.<\/p>\n There was also a break above a major bearish trend line with resistance near $0.4950 on the 4-hours chart. The pair is now trading well above $0.5000 and the 55 simple moving average (4-hours). There was a break above the 50% Fibonacci retracement level of the downward move from the $0.6926 swing high to $0.3812 low.<\/p>\n It is now consolidating gains above the $0.5500 support zone. An immediate resistance is near the $0.5750 level. The 61.8% Fibonacci retracement level of the downward move from the $0.6926 swing high to $0.3812 low is also near the $0.5750 level.<\/p>\n The next major resistance is near the $0.6200 level. A successful break above the $0.6200 resistance level could set the pace for a strong upward move. In the stated case, the price could easily rise towards the $0.6500 level or even $0.6800.<\/p>\n On the downside, an initial support is near the $0.5500 level. The first key support is near the $0.5200 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 $0.5000 and the 55 simple moving average (4-hours). Overall, the price is likely to accelerate higher above the $0.5750 and $0.6000 resistance levels in the near term.<\/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 60 level.<\/p>\n Key Support Levels \u2013 $0.5200 and $0.5000.<\/p>\n Key Resistance Levels \u2013 $0.5750, $0.6200 and $0.6500.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n