{"id":163208,"date":"2022-09-05T07:37:03","date_gmt":"2022-09-05T07:37:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=163208"},"modified":"2022-09-05T07:37:03","modified_gmt":"2022-09-05T07:37:03","slug":"stellar-lumen-xlm-price-could-start-fresh-rally-to-0-12","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-could-start-fresh-rally-to-0-12\/","title":{"rendered":"Stellar Lumen (XLM) Price Could Start Fresh Rally To $0.12"},"content":{"rendered":"
Stellar lumen price is trading below $0.1080 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1000 support to avoid more losses.<\/em><\/p>\n This past week, stellar lumen price saw a bearish reaction below the $0.1080 support against the US Dollar. The XLM\/USD pair traded below the $0.1050 support and the 55 simple moving average (4-hours).<\/p>\n It tested the $0.1010 support zone where the bulls emerged. A low was formed near $0.1010 and the price is now consolidating losses. There was a minor increase above the $0.1040 resistance. The price broke the 23.6% Fib retracement level of the recent decline from the $0.1140 swing high to $0.1010 low.<\/p>\n Besides, there was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart. XLM is now trading above $0.1040 and the 55 simple moving average (4-hours).<\/p>\n On the upside, the price is facing resistance near the $0.1070 zone. It is near the 50% Fib retracement level of the recent decline from the $0.1140 swing high to $0.1010 low. The next major resistance is near the $0.1075 level. A clear move above the $0.1075 level might send the price towards the $0.1140 level. Any more gains could lead the price towards the $0.1200 level or even $0.1250.<\/p>\n An initial support on the downside is near the $0.1040 level. The main support is near the $0.1000 zone. Any more losses could lead the price towards the $0.0900 level in the near term, below which the price might even retest $0.0820.<\/p>\n <\/p>\n Stellar Lumen Price<\/p>\n The chart indicates that XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear move above the $0.1080 resistance zone.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is losing momentum in the bearish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is now above the 50 level.<\/p>\n Key Support Levels \u2013 $0.1000 and $0.0920.<\/p>\n Key Resistance Levels \u2013 $0.1080, $0.1075 and $0.1140.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
Technical Indicators<\/h2>\n