{"id":160953,"date":"2022-07-25T09:03:11","date_gmt":"2022-07-25T09:03:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160953"},"modified":"2022-07-25T09:03:11","modified_gmt":"2022-07-25T09:03:11","slug":"stellar-lumen-xlm-price-could-gain-pace-if-it-clears-0-12","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-could-gain-pace-if-it-clears-0-12\/","title":{"rendered":"Stellar Lumen (XLM) Price Could Gain Pace If It Clears $0.12"},"content":{"rendered":"
Stellar lumen price is trading above $0.1080 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1080 support to rise further.<\/em><\/p>\n After forming a base above the $0.1000 level, stellar lumen price started a fresh increase against the US Dollar. The XLM\/USD pair broke the $0.1050 resistance zone to move into a positive zone.<\/p>\n The price even broke the $0.1120 resistance and the 55 simple moving average (4-hours). However, the price failed to surpass the $0.1200 resistance zone. A high was formed near $0.1208 and the price is now correcting lower.<\/p>\n There was a move below the $0.1150 support zone. The price declined below the 23.6% Fib retracement level of the recent increase from the $0.0987 swing low to $0.1208 high.<\/p>\n The price is now trading below $0.1120 and the 55 simple moving average (4-hours). Besides, there was a break below a key bullish trend line with support near $0.1120 on the 4-hours chart. XLM is now testing the $0.1100 support zone.<\/p>\n The price is holding the 50% Fib retracement level of the recent increase from the $0.0987 swing low to $0.1208 high. An initial support on the downside is near the $0.1100 level. The main support is near the $0.1080 zone. Any more losses could lead the price towards the $0.1000 level in the near term, below which the price might even retest $0.0950.<\/p>\n On the upside, the price is facing resistance near the $0.1130 zone. The next major resistance is near the $0.1160 level. A clear move above the $0.1160 level might send the price towards the $0.1200 level. Any more gains could lead the price towards the $0.1320 level.<\/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 continue to decline heavily if there is a move below the $0.1080 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 $0.1100 and $0.1080.<\/p>\n Key Resistance Levels \u2013 $0.1135, $0.1200 and $0.1300.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n