Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.1000

Stellar Lumen (XLM) Price Eyes Fresh Rally Above <img width=.1000" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?w=1828&ssl=1 1828w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=300%2C142&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=768%2C365&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=1024%2C486&ssl=1 1024w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1000"1828" height="868" src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?fit=1828%2C868&ssl=1" class="attachment-full size-full wp-post-image jetpack-lazy-image" alt="" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?w=1828&ssl=1 1828w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=300%2C142&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=768%2C365&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=1024%2C486&ssl=1 1024w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1000" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?w=1828&ssl=1 1828w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=300%2C142&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=768%2C365&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?resize=1024%2C486&ssl=1 1024w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-2.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Stellar lumen price started a nice upward move from the $0.0863 swing low against the US Dollar.
  • XLM price climbed above the $0.0950 and $0.1000 resistance levels before correcting lower.
  • There was a clear break above a crucial bearish trend line with resistance at $0.0950 on the 4-hours chart (data feed via Kraken).
  • The pair corrected lower recently, it remains well supported near the $0.0950 area.

Stellar lumen price started a strong recovery above $0.0950 and $0.1000 against the US Dollar. XLM price remains supported and it could move higher towards $0.1050 and $0.1100.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price gained traction after bitcoin’s rise against the US Dollar. Earlier, the XLM/USD pair declined heavily below the $0.1000 and $0.0900 support levels. A swing low was formed at $0.0863 before the price started an upward move. There was a steady rise above the $0.0900 and $0.0920 resistance levels. The bulls gained traction above the $0.0950 resistance and the 55 simple moving average (4-hours).

During the rise, there was a clear break above a crucial bearish trend line with resistance at $0.0950 on the 4-hours chart. The pair rallied above the $0.1000 and $0.1020 resistance levels. The price even surpassed the $0.1050 level and traded as high as $0.1080. It recently corrected lower below $0.1020 and the 23.6% Fibonacci retracement level of the last wave from the $0.0863 low to $0.1080 high. The correction was such that the price spiked below $0.1000, and the 50% Fibonacci retracement level of the last wave from the $0.0863 low to $0.1080 high.

However, the $0.0950 support and the 55 SMA acted as a strong buy zone. Besides, the price rebounded after tagging the 61.8% Fibonacci retracement level of the last wave from the $0.0863 low to $0.1080 high. The price is currently trading just below the $0.1000 level and it seems like there could be a strong rally above the $0.1000 resistance. The next key resistance is at $0.1028, above which the price may revisit the $0.1080 swing high.

Stellar Lumen (XLM) Price Eyes Fresh Rally Above <img class=.1000"alignnone size-large wp-image-54093 jetpack-lazy-image" src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-2-1100x522.png?resize=1100%2C522&ssl=1" alt="Stellar Lumen Price Analysis XLM Chart" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-2-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.1000" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-2-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">

The chart indicates that XLM price is trading nicely with a positive bias above the $0.0950 level and the 55 SMA. Therefore, there are high chances of a fresh increase above the $0.1000 and $0.1028 resistance levels. On the other hand, a close below the $0.0950 support level might trigger a strong decline towards $0.0850.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is slowly moving in the bullish zone.

4 hours RSI – The RSI for XLM/USD is currently well above the 50 level and it could test 65.

Key Support Levels – $0.0950 and $0.0900.

Key Resistance Levels – $0.1000, $0.1028 and $0.1050.

The post Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.1000 appeared first on Live Bitcoin News.



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