{"id":159698,"date":"2022-07-04T09:03:00","date_gmt":"2022-07-04T09:03:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=159698"},"modified":"2022-07-04T09:03:00","modified_gmt":"2022-07-04T09:03:00","slug":"stellar-lumen-xlm-price-could-dive-if-it-breaks-this-support","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-could-dive-if-it-breaks-this-support\/","title":{"rendered":"Stellar Lumen (XLM) Price Could Dive If It Breaks This Support"},"content":{"rendered":"
Stellar lumen price is trading below $0.1200 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1000 support to avoid a downside break.<\/em><\/p>\n After forming a base above the $0.1050 level, stellar lumen price started a fresh increase against the US Dollar. The XLM\/USD pair broke the $0.1120 resistance zone.<\/p>\n The price even broke the $0.1200 resistance and the 55 simple moving average (4-hours). However, the bears remained active near the $0.1300 zone. A high was formed near the $0.1299 level and the price started a fresh decline.<\/p>\n There was a clear move below the $0.1120 support. The price traded as low as $0.1030 and is currently consolidating losses. On the upside, the price is facing resistance near the $0.1100 zone. It is near the 23.6% Fib retracement level of the recent decline from the $0.1299 swing high to $0.1030 low.<\/p>\n The next major resistance is near the $0.1150 level. There is also a key bearish trend line with resistance near $0.1120 on the 4-hours chart. The trend line is close to the 50% Fib retracement level of the recent decline from the $0.1299 swing high to $0.1030 low.<\/p>\n A clear move above the $0.1150 level might send the price towards the $0.1250 level. Any more gains could lead the price towards the $0.1300 level.<\/p>\n An initial support on the downside is near the $0.1030 level. The main support is near the $0.1000 zone. Any more losses could lead the price towards the $0.0880 level in the near term, below which the price might even test $0.0750.<\/p>\n <\/p>\n Stellar Lumen (XLM) Price<\/p>\n The chart indicates that XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours). Overall, the price could decline sharply if there is a clear break below the $0.1000 support zone.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is losing momentum in the bullish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is now below the 50 level.<\/p>\n Key Support Levels \u2013 $0.1030 and $0.1000.<\/p>\n Key Resistance Levels \u2013 $0.1100, $0.1120 and $0.1150.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n