- 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…
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