{"id":148341,"date":"2021-12-27T11:07:55","date_gmt":"2021-12-27T11:07:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148341"},"modified":"2021-12-27T11:07:55","modified_gmt":"2021-12-27T11:07:55","slug":"stellar-lumen-xlm-price-could-surge-above-0-30","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-could-surge-above-0-30\/","title":{"rendered":"Stellar Lumen (XLM) Price Could Surge Above $0.30"},"content":{"rendered":"
Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to bitcoin. XLM price must settle above $0.3000 to continue higher.<\/em><\/p>\n After forming a base above the $0.2480 level, stellar lumen price started a fresh increase against the US Dollar. The XLM\/USD pair traded above the $0.2650 level to move into a positive zone.<\/p>\n The pair traded above the 50% Fibonacci retracement level of the downward move from the $0.3090 swing high to $0.2465 low. It is now trading above $0.2800 and the 55 simple moving average (4-hours). There is also a key rising channel forming with support near $0.2930 on the 4-hours chart.<\/p>\n The pair is trading above the 76.4% Fibonacci retracement level of the downward move from the $0.3090 swing high to $0.2465 low. An immediate resistance on the upside is near the $0.3000 level.<\/p>\n The next major resistance is now near $0.3080. If there is a clear break above the $0.3080 resistance zone, the price could start another steady increase. The next key resistance is near the $0.3200 level, above which the price could rise towards the $0.3500 level in the near term.<\/p>\n An immediate support is near the $0.2920 level. The main support is near $0.2800. A downside break below the $0.2800 support might call for more losses. The next major support is near the $0.2700 zone. Any more losses might send the price towards the $0.2500 level.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is now trading above $0.2800 and the 55 simple moving average (4-hours). Overall, the price could start a steady upward move if there is a clear break above $0.3000.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is slowly gaining momentum in the bullish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is now above the 50 level.<\/p>\n Key Support Levels \u2013 $0.2920 and $0.2800.<\/p>\n Key Resistance Levels \u2013 $0.3000, $0.3080 and $0.3200.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n