9/24/2023 0 Comments Stellar lumen futureFurther downward movement could potentially drive the price towards the $0.1250 level in the near future. The primary support is situated near the $0.1400 zone. If XLM fails to surpass the $0.1650 mark, the first support on the downside emerges around the $0.1500 level. Subsequent further gains could push the price higher, targeting levels around $0.200, or even extending to $0.2150. A decisive breakthrough above this level has the potential to propel the price towards the $0.192 mark. The next significant hurdle lies at approximately $0.180. XLM is encountering resistance around the $0.165 area. The price further surged above the 50% Fibonacci retracement level of the downward move, which extended from the $0.1809 swing high to the $0.1402 low.Īs of now, XLM is trading above both $0.155 and the 200 hourly simple moving average, signaling a positive momentum and potential for further gains in the short term. Moreover, a significant bearish trend line, previously capping gains around $0.145, was breached as well. ![]() Notably, it successfully broke above the $0.145 resistance zone on the 4-hour chart. This correction caused the XLM/USD pair to slip beneath the $0.165 support, eventually testing the $0.140 zone.įollowing a bottom formation near $0.1402, Stellar Lumens (XLM) is currently in the midst of a recovery wave. For a potential uptrend to take place, XLM's price must successfully clear the $0.170 mark.įollowing a period of steady growth, the Stellar Lumens price experienced a corrective downturn below the $0.180 level against the US Dollar. The current trading situation shows Stellar Lumens priced above $0.150 in comparison to the US Dollar, exhibiting a similar trend to Bitcoin. ![]() As of now, Stellar Lumens is trading higher than $0.1500.
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