{"id":175788,"date":"2023-05-22T07:39:47","date_gmt":"2023-05-22T07:39:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175788"},"modified":"2023-05-22T07:39:47","modified_gmt":"2023-05-22T07:39:47","slug":"stellar-lumen-xlm-price-could-nosedive-below-0-087","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/stellar-lumen-xlm-price-could-nosedive-below-0-087\/","title":{"rendered":"Stellar Lumen (XLM) Price Could Nosedive Below $0.087"},"content":{"rendered":"
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Stellar lumen price is trading below $0.0900 against the US Dollar, similar to Bitcoin. XLM price could extend losses if it trades below the $0.0870 support.<\/em><\/p>\n After a sharp decline below $0.090, Stellar Lumen price struggled to gain bullish momentum against the US Dollar. The XLM\/USD pair traded below the $0.0880 level to move further into a bearish zone.<\/p>\n A low was formed near $0.0827 before the price started an upside correction. There was a move above the $0.0865 and $0.0870 levels. The price climbed above the 50% Fib retracement level of the key drop from the $0.0948 swing high to the $0.0827 low.<\/p>\n The price is now facing resistance near the $0.090 level. There is also a major bearish trend line forming with resistance near $0.0900 on the 4-hour chart.<\/p>\n XLM is now trading below $0.0890 and the 55 simple moving average (4 hours). Initial support on the downside is near the $0.0870 level. The next major support is near the $0.0855 zone. Any more losses could lead the price toward the $0.0820 level in the near term, below which the price might even retest $0.0800.<\/p>\n On the upside, the price is facing resistance near the $0.0885 level and the 55 simple moving average (4 hours). The next major resistance is near the $0.0900 zone and the trend line.<\/p>\n A clear upside break above the $0.090 zone might send the price toward $0.0920. Any more gains could lead the price toward the $0.0955 level or even $0.100.<\/p>\n The chart indicates that XLM price is now trading below $0.0900 and the 55 simple moving average (4 hours). Overall, the price could start a recovery wave if it clears the $0.090 resistance.<\/p>\n 4 hours MACD \u2013 The MACD for XLM\/USD is gaining momentum in the bearish zone.<\/p>\n 4 hours RSI – The RSI for XLM\/USD is now below the 50 level.<\/p>\n Key Support Levels \u2013 $0.0870 and $0.0855.<\/p>\n Key Resistance Levels \u2013 $0.090, $0.0920, and $0.0950.<\/p>\nStellar Lumen Price Analysis (XLM to USD)<\/h2>\n
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Technical Indicators<\/h2>\n