Solana

Resistance

Stellar

<a href="https://bitcoinworld.co.in/price-analysis-the-price-of-stellar-lumen-xlm-dropped-below-0-12-losses-might-extend/" title="Price Analysis: The Price Of Stellar Lumen (XLM) Dropped Below $0.12, Losses Might Extend" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The price of Stellar lumen has dropped below the $0.120 support zone against the US Dollar.</li> 
 <li style="font-weight: 400">XLM price is now trading below $0.120 and the 55 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There is a key declining channel forming with resistance near $0.1180 on the 4-hour chart (data feed via Kraken).</li> 
 <li style="font-weight: 400">The pair could extend its decline below the $0.1115 support zone in the near term.</li> 
</ul> 
Stellar lumen price is trading below $0.1200 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.110 support. 
<h3 id="span-style-font-weight-400-stellar-lumen-price-analysis-xlm-to-usd-span">Stellar Lumen Price Analysis (XLM to USD)</h3> 
In the past few sessions, Stellar Lumen price struggled to climb above the $0.1220 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline. 
There was a move below the $0.1200 and $0.1180 levels. The decline gained pace below the $0.1150 level.&nbsp; 
A low was formed near $0.1116, and the price is now consolidating losses. There is also a key declining channel forming with resistance near $0.1180 on the 4-hour chart. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/solana-price-analysis-sol-plunged-12-in-a-week/" aria-label="“Solana Price Analysis: SOL Plunged 12% in A Week” (Edit)">Solana Price Analysis: SOL Plunged 12% in A Week</a> 
XLM is now trading below $0.120 and the 55 simple moving average (4 hours). Immediate resistance is near the $0.1180 level.&nbsp; 
It is close to the 23.6% Fib retracement level of the downward move from the $0.1383 swing high to the $0.1116 low. 
The next key resistance is seen near the $0.1220 level. A clear upside break above the $0.1220 zone might send the price toward $0.1250.&nbsp; 
Any more gains could lead the price toward the $0.128 level or the 61.8% Fib retracement level of the downward move from the $0.1383 swing high to the $0.1116 low. 
If not, the <a href="https://coinstats.app/coins/stellar/">price</a> might continue to move down. Initial support on the downside is near the $0.1142 level.&nbsp; 
<figure id="attachment_61783" aria-describedby="caption-attachment-61783" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-61783" src="https://bitcoinworld.co.in/wp-content/uploads/XLM-Price-Chart-483x300.png" alt="" width="583" height="362" srcset="https://bitcoinworld.co.in/wp-content/uploads/XLM-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/XLM-Price-Chart.png 760w" sizes="(max-width: 583px) 100vw, 583px">
 <figcaption id="caption-attachment-61783" class="wp-caption-text">
 XLM Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
The next major support is $0.1115. Any more losses could lead the price toward the $0.1100 level in the near term, below which the price might even test $0.1050. 
The chart indicates that XLM price is now trading below $0.120 and the 55 simple moving average (4 hours).&nbsp; 
Overall, the price could start a fresh increase if it clears the $0.122 resistance. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4 hours MACD – The MACD for XLM/USD is gaining momentum in the bearish zone.</li> 
 <li style="font-weight: 400">4 hours RSI – The RSI for XLM/USD is now below the 50 level.</li> 
 <li style="font-weight: 400">Key Support Levels – $0.1142 and $0.1115.</li> 
 <li style="font-weight: 400">Key Resistance Levels – $0.1180, $0.1220, and $0.1280.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/price-analysis-the-price-of-stellar-lumen-xlm-dropped-below-0-12-losses-might-extend/">Price Analysis: The Price Of Stellar Lumen (XLM) Dropped Below $0.12, Losses Might Extend</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Price Analysis: The Price Of Stellar Lumen (XLM) Dropped Below $0.12, Losses Might Extend

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