{"id":151821,"date":"2022-02-07T09:53:13","date_gmt":"2022-02-07T09:53:13","guid":{"rendered":"https:\/\/precoinnews.com\/?p=151821"},"modified":"2022-02-07T09:53:13","modified_gmt":"2022-02-07T09:53:13","slug":"stellar-lumen-xlm-price-aims-larger-increase-to-0-28","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-aims-larger-increase-to-0-28\/","title":{"rendered":"Stellar Lumen (XLM) Price Aims Larger Increase To $0.28"},"content":{"rendered":"
Stellar lumen price is trading in a positive zone above $0.2000 against the US Dollar, similar to bitcoin. XLM price must settle above $0.2300 to continue higher.<\/em><\/p>\n After a major decline, stellar lumen price found support near the $0.1680 zone against the US Dollar. The XLM\/USD pair started a decent increase above the $0.1700 and $0.1750 resistance levels.<\/p>\n The pair gained pace after it cleared the $0.2000 and $0.2020 levels. Besides, there was a break above a major bearish trend line with resistance near $0.2065 on the 4-hours chart. The pair even broke the 38.2% Fib retracement level of the downward move from the $0.2915 swing high to $0.1678 low.<\/p>\n It is now trading above $0.2000 and the 55 simple moving average (4-hours). An immediate resistance is near the $0.3000 level. It is near the 50% Fib retracement level of the downward move from the $0.2915 swing high to $0.1678 low.<\/p>\n The next key resistance is near the $0.2450 level. Any more gains could lead the price towards the $0.2800 level. If there is no upside break above $0.2450, the price could correct lower.<\/p>\n An immediate support on the downside is near the $0.2120 level. The next major support is near the $0.2065 level and the 55 simple moving average (4-hours). Any more losses could lead the price towards the $0.2000 level, where the bulls might take a stand. If they fail, the price may perhaps revisit the $0.1680 support zone.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is now trading above $0.2000 and the 55 simple moving average (4-hours). Overall, the price could continue to rise if there is a clear break above $0.2300 in the near term.<\/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 60 level.<\/p>\n Key Support Levels \u2013 $0.2065 and $0.2000.<\/p>\n Key Resistance Levels \u2013 $0.2300, $0.2450 and $0.2800.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n