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<a href="https://www.coingabbar.com/en/crypto-currency/stellar-xlm-prices-usd" rel="noopener noreferrer nofollow">Stellar lumen is now trading below $0.1050</a> per US dollar, similar to bitcoin. To avoid additional losses, the XLM price must remain above the $0.1000 support level.
After establishing a bottom above $0.1070, the stellar lumen price started a new upward trend against the US dollar. The XLM/USD pair broke through the $0.1100 resistance level to reach the bullish zone.
The price even broke over the $0.1120 resistance level as well as the 55 simple moving average. Finally, it faced opposition near $0.1140. XLM started a fresh drop and traded below the $0.1120 support level. The price fell sharply below the $0.1050 support level and the 55 simple moving average.
The price has fallen as low as $0.1010 and is currently consolidating losses. On the upside, the price is facing resistance at $0.1040. It is close to the 23.6% Fib retracement level of the fall from the $0.1141 swing high to the $0.1010 low.
The next major resistance is at $0.1075. On the 4-hours chart, a major bearish trend line is formed with resistance near $0.1070.
The trend line is close to the 50% Fib retracement level of the drop from the $0.1141 swing high to the $0.1010 low. A clear break over the $0.1075 level might take the price up to the $0.1120 level. Any further gains could push the price up to $0.1200 or possibly $0.1250.
On the downside, an initial support level is at $0.1010. The major support is found near $0.1000. Any more losses might push the price towards the $0.0920 level in the near term, below which it could retest $0.0850.
KEY LEVELS :
RESISTANCE LEVEL : $0.1100-$0.1200
SUPPORT LEVEL : $0.0900-$0.0800
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Cryptocurrency price update: STELLAR LUMEN PRICE ANALYSIS : Bears are ready to break through a two-year low after the breakout of a symmetric triangle

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