Stellar Lumen (XLM) Price Could Rally Further Toward $0.12
The post Stellar Lumen (XLM) Price Could Rally Further Toward $0.12 appeared on BitcoinEthereumNews.com. Stellar lumen price is rising toward the $0.1165 resistance zone against the US Dollar. XLM price is now trading above $0.1075 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with support near $0.1100 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1125 and $0.1165 resistance levels. Stellar lumen price is trading above $0.1080 against the US Dollar, like bitcoin. XLM price must stay above the $0.1060 support to rise further. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.1020 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. The price even cleared the $0.1100 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spiked to $0.1125 before the bears appeared. A high was formed near $0.1126 and the price is now consolidating gains. XLM is now trading above $0.1075 and the 55 simple moving average (4 hours). There is also a short-term rising channel forming with support near $0.1100 on the 4-hour chart. The price is also stable above the 23.6% Fib retracement level of the upward move from the $0.1020 swing low to the $0.1126 high. On the upside, the price is facing resistance near the $0.1125 zone. The next major resistance is near the $0.1165 level. A clear move above the $0.1165 level might send the price toward the $0.120 level. Any more gains could lead the price toward the $0.1250 level or even $0.1265 in the coming sessions. Initial support on the downside is near the $0.1100 level and the channel trend line. The next major support sits near the…
The post Stellar Lumen (XLM) Price Could Rally Further Toward $0.12 appeared on BitcoinEthereumNews.com.
Stellar lumen price is rising toward the $0.1165 resistance zone against the US Dollar. XLM price is now trading above $0.1075 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with support near $0.1100 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1125 and $0.1165 resistance levels. Stellar lumen price is trading above $0.1080 against the US Dollar, like bitcoin. XLM price must stay above the $0.1060 support to rise further. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.1020 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. The price even cleared the $0.1100 resistance and the 55 simple moving average (4 hours). The upward move was such that the price spiked to $0.1125 before the bears appeared. A high was formed near $0.1126 and the price is now consolidating gains. XLM is now trading above $0.1075 and the 55 simple moving average (4 hours). There is also a short-term rising channel forming with support near $0.1100 on the 4-hour chart. The price is also stable above the 23.6% Fib retracement level of the upward move from the $0.1020 swing low to the $0.1126 high. On the upside, the price is facing resistance near the $0.1125 zone. The next major resistance is near the $0.1165 level. A clear move above the $0.1165 level might send the price toward the $0.120 level. Any more gains could lead the price toward the $0.1250 level or even $0.1265 in the coming sessions. Initial support on the downside is near the $0.1100 level and the channel trend line. The next major support sits near the…
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