- Stellar lumen price is attempting a fresh increase from the $0.085 zone against the US Dollar.
- XLM price must clear $0.090 to start a major increase.
- The chart indicates that XLM price is now trading above $0.0850 and the 55 simple moving average (4 hours).
Current Price Action
Stellar lumen price is trading above $0.0850 against the US Dollar, similar to Bitcoin. XLM price must clear $0.090 to start a major increase. There is a major bearish trend line forming with resistance near $0.0888 on the 4-hour chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.0900 resistance zone.
Resistance and Support Levels
On the upside, the price is facing resistance near the $0.0888 zone. There is also a major bearish trend line forming with resistance near $0.0888 on the 4-hour chart. The next major resistance is near the $0.0900 level which may send Stellar Lumen’s prices towards the $0.0950 level or even higher up to around 10$. Initial support on the downside for XLM is near the $0