HomeBitcoin NewsStellar Lumen (XLM) Worth Turns Bearish Under $0.2200

Stellar Lumen (XLM) Worth Turns Bearish Under $0.2200

-

  • Stellar lumen value began a recent decline from effectively above the $0.25 zone in opposition to the US Greenback.
  • XLM value is now buying and selling under $0.2200 and the 55 easy shifting common (4-hours).
  • There’s a main bearish development line forming with resistance close to $0.2200 on the 4-hours chart (knowledge feed through Kraken).
  • The pair may proceed to say no if there’s a clear transfer under $0.2050.

Stellar lumen value is buying and selling in a bearish zone under $0.2200 in opposition to the US Greenback, much like bitcoin. XLM value should keep above $0.2000 to keep away from extra losses.

Stellar Lumen Worth Evaluation (XLM to USD)

After a serious improve, stellar lumen value failed to achieve power above the $0.2500 stage in opposition to the US Greenback. The XLM/USD pair shaped a excessive close to $0.2570 and began a recent decline.

There was a transfer under the $0.2500 and $0.2420 assist ranges. The pair gained tempo under the 50% Fib retracement stage of the important thing upward transfer from the $0.1890 swing low to $0.2570 excessive. It’s now buying and selling under $0.2200 and the 55 easy shifting common (4-hours).

A right away assist on the draw back is close to the $0.2050 stage. It’s close to the 76.4% Fib retracement stage of the important thing upward transfer from the $0.1890 swing low to $0.2570 excessive.

The subsequent main assist is close to the $0.2000 stage. Any extra losses may lead the worth in direction of the $0.1880 stage, the place the bulls would possibly take a stand. In the event that they fail, the worth might maybe revisit the $0.1650 assist zone.

A right away resistance is close to the $0.2150 stage. The subsequent key resistance is close to the $0.2200 stage. There may be additionally a serious bearish development line forming with resistance close to $0.2200 on the 4-hours chart. Any extra positive factors may lead the worth in direction of the $0.2500 stage. An intermediate resistance may very well be close to the $0.2250 stage and the 55 easy shifting common (4-hours).

Stellar Lumen (XLM) Worth

The chart signifies that XLM value is now buying and selling under $0.2200 and the 55 easy shifting common (4-hours). General, the worth may proceed to say no if there’s a clear transfer under $0.2050 within the close to time period.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is slowly gaining momentum within the bearish zone.

4 hours RSI – The RSI for XLM/USD is now effectively under the 50 stage.

Key Assist Ranges – $0.2050 and $0.2000.

Key Resistance Ranges – $0.2200, $0.2250 and $0.2500.

Tags: stellar, Stellar Lumens, XLM

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA – Bitcoin News

According to a report released on Friday, the creators of the non-fungible token (NFT) collection Cool Cats have signed a deal with the American talent...

Bank of England and regulators assess crypto regulation in raft of new reports

The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to crypto assets...

Quant Explains How Stablecoin Ratio Can Give Bitcoin Buy Or Sell Signals

A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio...

Bitcoin value rejection at $39K and mounting regulatory considerations tank the market once more

Volatility and uneven value motion continued to dominate the cryptocurrency market on March 7 and information that United States President Joe Biden plans to sign...

Most Popular