{"id":145426,"date":"2021-11-22T17:47:09","date_gmt":"2021-11-22T17:47:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145426"},"modified":"2021-11-22T17:47:09","modified_gmt":"2021-11-22T17:47:09","slug":"stellar-lumen-xlm-price-turns-red-risk-of-more-losses","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-turns-red-risk-of-more-losses\/","title":{"rendered":"Stellar Lumen (XLM) Price Turns Red, Risk of More Losses"},"content":{"rendered":"
Stellar lumen price is trading in a bearish zone below $0.3550 against the US Dollar, similar to bitcoin. XLM price must settle above $0.3650 to start a fresh increase.<\/em><\/p>\n After struggling to clear the $0.4000 resistance, stellar lumen price started a fresh decline against the US Dollar. The XLM\/USD pair broke the $0.3750 support to move into a bearish zone.<\/p>\n The price even broke the $0.3500 support zone. The declined extended below the $0.3200 level and the price settled below the 55 simple moving average (4-hours). A low was formed near $0.3125 and the price is now consolidating losses.<\/p>\n There was a break above the 23.6% Fibonacci retracement level of the downward move from the $0.3933 swing high to $0.3125 low. However, the price is now facing resistance near the $0.3500 level.<\/p>\n There is also a key bearish trend line forming with resistance near $0.3420 on the 4-hours chart. The trend line is close to the 50% Fibonacci retracement level of the downward move from the $0.3933 swing high to $0.3125 low.<\/p>\n The first major resistance is now near $0.3700. If there is a clear break above the $0.3700 resistance zone, the price could start another steady increase. The next key resistance is near the $0.4000 level.<\/p>\n An immediate support is near the $0.3250 level. The main support is near $0.3200. A downside break below the $0.3200 support might call for more losses. The next major support is near the $0.3000 zone.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is now trading below $0.3550 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it breaks the $0.3200 support zone in the near term.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is slowly gaining momentum in the bearish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is now below the 50 level.<\/p>\n Key Support Levels \u2013 $0.3250 and $0.3200.<\/p>\n Key Resistance Levels \u2013 $0.3500, $0.3700 and $0.4000.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n