The post Stellar Lumen (XLM) Price Eyes Key Breakout To $0.135, Are Bulls Back? appeared on BitcoinEthereumNews.com.

Stellar lumen price is attempting a fresh increase from the $0.115 zone against the US Dollar. XLM price is now trading above $0.1200 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1218 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1240 resistance zone. Stellar lumen price is trading above $0.1200 against the US Dollar, like Bitcoin. XLM price must clear $0.1240 to gain bullish momentum. Stellar Lumen Price Analysis (XLM to USD) After a steady increase, Stellar lumen price saw a rejection pattern near the $0.1240 zone against the US Dollar. The XLM/USD pair traded below the $0.1200 support and tested the $0.1150 zone. A low is formed near $0.1146 and the price is now attempting a recovery wave. There was a break above the $0.1200 resistance zone. The price climbed above the 76.4% Fib retracement level of the downward move from the $0.1234 swing high to the $0.1146 low. XLM is now trading above $0.1200 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.1218 on the 4-hour chart. On the upside, the price is facing resistance near the $0.1240 zone. The next major resistance is near the $0.1255 level. A clear move above the $0.1255 level might send the price toward the $0.1288 level or the 1.618 Fib extension level of the downward move from the $0.1234 swing high to the $0.1146 low. Any more gains could lead the price toward the $0.1350 level or even $0.1400. Initial support on the downside is near the $0.1220 level or the trend line. The main support is near the $0.1190 zone. Any more…

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Filed under: News - @ December 4, 2023 6:08 am