Rally

Momentum

Resistance

Stellar

<a href="https://bitcoinworld.co.in/stellar-lumen-xlm-price-could-gain-momentum-if-it-clears/" title="Price Analysis: Stellar Lumen (XLM) Price Could Gain Momentum If It Clears $0.12" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400"><a href="https://coinstats.app/coins/stellar/">Stellar lumen</a> (XLM) price is attempting a fresh increase from the $0.1020 zone against the US Dollar.</li> 
 <li style="font-weight: 400">XLM price is now trading above $0.1100 and the 55 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There was a break above a key bearish trend line with resistance at $0.1140 on the 4-hour chart (data feed via Kraken).</li> 
 <li style="font-weight: 400">The pair could accelerate higher if there is a clear move above the $0.120 resistance zone.</li> 
</ul> 
Stellar lumen price is trading in a positive zone above $0.1100 against the US Dollar, like Bitcoin. XLM price must clear $0.1050 to gain bullish momentum. 
<h3 id="span-style-font-weight-400-stellar-lumen-price-analysis-xlm-to-usd-span">Stellar Lumen Price Analysis (XLM to USD)</h3> 
After forming a base above the $0.100 zone, Stellar lumen price started a decent increase against the US Dollar. The XLM/USD pair traded above the $0.1080 resistance to move into a positive zone. 
There was a break above a key bearish trend line with resistance at $0.1100 on the 4-hour chart.&nbsp; 
The price cleared the 50% Fib retracement level of the downward move from the $0.1367 swing high to the $0.0915 low. XLM is now trading above $0.1100 and the 55 simple moving average (4 hours). 
On the upside, the price is facing resistance near the $0.1195 zone. It is near the 61.8% Fib retracement level of the downward move from the $0.1367 swing high to the $0.0915 low. The next major resistance is near the $0.1200 level. 
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A clear move above the $0.1200 level might send the price toward the $0.1250 zone. Any more gains could lead the price toward the $0.1350 level or even $0.1380. 
Initial support on the downside is near the $0.110 level. The main support is near the $0.1050 zone.&nbsp; 
<figure id="attachment_71026" aria-describedby="caption-attachment-71026" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-71026" src="https://bitcoinworld.co.in/wp-content/uploads/Stellar-Lumen-Price-Chart-1-483x300.png" alt="" width="594" height="369" srcset="https://bitcoinworld.co.in/wp-content/uploads/Stellar-Lumen-Price-Chart-1-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Stellar-Lumen-Price-Chart-1.png 760w" sizes="(max-width: 594px) 100vw, 594px">
 <figcaption id="caption-attachment-71026" class="wp-caption-text">
 Stellar Lumen Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Any more losses could lead the price toward the $0.1020 level in the near term, below which the price might even retest $0.100. 
The chart indicates that XLM price is now trading above $0.110 and the 55 simple moving average (4 hours). Overall, the price could start a major increase if there is a clear move above the $0.120 resistance zone. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4 hours MACD – The MACD for XLM/USD is gaining momentum in the bullish zone.</li> 
 <li style="font-weight: 400">4 hours RSI – The RSI for XLM/USD is now above the 50 level.</li> 
 <li style="font-weight: 400">Key Support Levels – $0.1100 and $0.1050.</li> 
 <li style="font-weight: 400">Key Resistance Levels – $0.1195, $0.1200, and $0.1250.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
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The post <a href="https://bitcoinworld.co.in/stellar-lumen-xlm-price-could-gain-momentum-if-it-clears/">Price Analysis: Stellar Lumen (XLM) Price Could Gain Momentum If It Clears $0.12</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Price Analysis: Stellar Lumen (XLM) Price Could Gain Momentum If It Clears $0.12

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