Stellar Lumen (XLM) Price Could Recover If It Holds $0.080

Stellar Lumen (XLM) Price Could Recover If It Holds <img width=.080" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=720%2C342&ssl=1 720w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=560%2C266&ssl=1 560w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.080"1828" height="868" src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1" class="attachment-full size-full wp-post-image jetpack-lazy-image" alt="" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=720%2C342&ssl=1 720w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=560%2C266&ssl=1 560w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.080" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=720%2C342&ssl=1 720w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?resize=560%2C266&ssl=1 560w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/08/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Stellar lumen price is holding an important support near $0.0800 against the US Dollar.
  • XLM price could start to recover towards the $0.0850 and $0.0900 resistance levels.
  • There was a break above a crucial bearish trend line with resistance near $0.0818 on the 4-hours chart (data feed via Kraken).
  • The pair could slowly recover unless the bulls fail to defend the key $0.0800 support area.

Stellar lumen price is trading above a few important supports against the US Dollar. XLM price might recover towards the $0.0900 level in the coming sessions.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price remained under pressure below $0.0850 against the US Dollar. The XLM/USD pair made a couple of attempts to break the key $0.0810 and $0.0800 support levels. However, the bears failed to gain traction and a swing low was formed near $0.0806. The price is currently consolidating above the $0.0800 support level and it seems like there could be a decent rise.

Recently, there was a break above a crucial bearish trend line with resistance near $0.0818 on the 4-hours chart. An immediate resistance is near the $0.0830 level and the 55 simple moving average (4-hours). Moreover, the 23.6% Fibonacci retracement level of the downward move from the $0.0901 high to $0.0806 low might prevent gains. If there is an upside break above $0.0830, the price could recover further.

The next key resistance is near the $0.0850 level. Additionally, the 50% Fibonacci retracement level of the downward move from the $0.0901 high to $0.0806 low is near the $0.0853. Any further gains above $0.0850 will most likely open the gates for a move towards the $0.0900 resistance. The next stop could be near the $0.0924 level. It represents the 1.236 Fib extension level of the downward move from the $0.0901 high to $0.0806 low.

Conversely, if there is no bullish break above $0.0830 and $0.0850, the price could decline heavily. A successful break below the $0.0800 support level might start a strong decline towards the $0.0750 support. An intermediate support is near the $0.0780 level.

Stellar Lumen (XLM) Price Could Recover If It Holds <img class=.080"alignnone size-large wp-image-55251 jetpack-lazy-image" src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/08/Stellar-Lumen-XLM-1100x522.png?resize=1100%2C522&ssl=1" alt="Stellar Lumen Price Analysis (XLM to USD)" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/08/Stellar-Lumen-XLM-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.080" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/08/Stellar-Lumen-XLM-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 clearly holding an important support near $0.0800. Therefore, as long as the price is above the $0.0800 level, the price could recover steadily. A successful break above the $0.0830 and $0.0850 resistance levels could boost the crypto market sentiment.

Technical Indicators

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

4 hours RSI – The RSI for XLM/USD is struggling well below the 50 level, with a bearish angle.

Key Support Levels – $0.0810 and $0.0800.

Key Resistance Levels – $0.0830, $0.0850 and $0.0900.

The post Stellar Lumen (XLM) Price Could Recover If It Holds $0.080 appeared first on Live Bitcoin News.



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