• Stellar lumen price started a fresh increase above the $0.1150 resistance zone against the US Dollar.
• XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours).
• There was a break above a key bearish trend line with resistance near $0.1100 on the 4-hours chart (data feed via Kraken).
• The pair could continue to rise if it stays above the $0.1150 and $0.1120 support levels.

Stellar lumen price is trading above $0.1150 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1120 support to rise further.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.1110 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.1120 resistance zone to move into a positive zone.

The price even broke the $0.1150 resistance and the 55 simple moving average (4-hours). It even cleared the $0.1200 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $0.1100 on the 4-hours chart.

A high was formed near $0.1250 and the price is now correcting lower. There was a move below the $0.1200 support zone. The price declined below the 23.6% Fib retracement level of the recent increase from the $0.1022 swing low to $0.1250 high.

The price is now trading below $0.1150 and the 55 simple moving average (4-hours). An initial support on the downside is near the $0.1150 level.

The main support is near the $0.1135 zone. It is near the 50% Fib retracement level of the recent increase from the $0.1022 swing low to $0.1250 high. Any more losses could lead the price towards the $0.1120 level in the near term, below which the price might even retest $0.1020.

On the upside, the price is facing resistance near the $0.1220 zone. The next major resistance is near the $0.1250 level. A clear move above the $0.1250 level might send the price towards the $0.1320 level. Any more gains could lead the price towards the $0.1420 level.

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours). Overall, the price could continue to rise if it stays above the $0.1150 and $0.1120 support levels.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is losing momentum in the bullish zone.

4 hours RSI – The RSI for XLM/USD is now above the 50 level.

Key Support Levels – $0.1150 and $0.1120.

Key Resistance Levels – $0.1220, $0.1250 and $0.1320.

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