- Stellar lumen price corrected lower recently and tested the $0.1100 support against the US Dollar.
- XLM price is currently moving higher and already recovered above the $0.1160 resistance.
- There is a crucial bearish trend line formed with resistance at $0.1200 on the 4-hours chart (data feed via Kraken).
- The pair is likely to surge higher if there is a successful break above the $0.1200 resistance area.
Stellar Lumen Price Analysis (XLM to USD)
This past week, stellar lumen price started a major downside correction from well above $0.1250 against the US Dollar. The XLM/USD pair broke the key $0.1200 and $0.1150 support levels to move into a bearish zone. There was even a close below the $0.1200 level and the 55 simple moving average (4-hours). The price traded close to the $0.1100 support level, where…
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