{"id":433371,"date":"2020-08-05T07:48:55","date_gmt":"2020-08-05T07:48:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=433371"},"modified":"2024-06-11T13:17:44","modified_gmt":"2024-06-11T13:17:44","slug":"stellar-xlm-is-about-to-see-liftoff","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stellar-xlm-is-about-to-see-liftoff\/","title":{"rendered":"Stellar (XLM) is About to See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level"},"content":{"rendered":"
Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support.<\/em><\/p>\n This past week, there was a strong rise in bitcoin<\/a>, Ethereum<\/a> and ripple<\/a>. As a result, stellar (XLM) gained pace above the $0.1000 and $0.1050 resistance levels against the US Dollar. The price even spiked above $0.1100 and it traded as high as $0.1168 before starting a downside correction.<\/p>\n The price dived below the $0.1050 support zone, but the bulls were able to defend the $0.1000 and $0.0980 support levels. A swing low is formed near $0.0951 and the price is currently rising.<\/p>\n There was a break above the $0.1050 level and the price settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.1168 high to $0.0951 low.<\/p>\n The price is now facing hurdles near the $0.1120 level. It is close to the 76.4% Fib retracement level of the downward move from the $0.1168 high to $0.0951 low.<\/p>\n <\/a><\/p>\n It seems like there is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM\/USD pair. On the upside, the bulls need to clear the $0.1120 level for a fresh increase.<\/p>\n A successful break above the $0.1120 resistance could open the doors for more gains towards the $0.1180 and $0.1200 levels in the coming sessions.<\/p>\n If XLM price corrects lower, the bulls are likely to protect the $0.1050 level or the bullish trend line. If there is a break below the trend line and $0.1050, the price could extend losses.<\/p>\n The main support is near the $0.1000 level and the 100 simple moving average (4-hours), below which the price might turn bearish in the short-term.<\/p>\n Technical Indicators<\/p>\n 4-hours MACD \u2013 The MACD for XLM\/USD is slowly losing momentum in the bullish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI for XLM\/USD is currently well above the 50 level.<\/p>\n Major Support Levels \u2013 $0.1050, $0.1040 and $0.1000.<\/p>\n Major Resistance Levels \u2013 $0.1120, $0.1180 and $0.1200.<\/p>\n","protected":false},"excerpt":{"rendered":" Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support. There was a sharp downward move from the $0.1168 monthly high against the US dollar. The price found support near the $0.0980 zone and it is currently trading with a bullish angle. There is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM\/USD pair (data source from Coinbase). The pair is likely to continue higher towards $0.1150 and $0.1200 as long as it is above $0.1000. Stellar (XLM) is Holding Uptrend This past week, there was a strong rise in bitcoin, Ethereum and ripple. As a result, stellar (XLM) gained pace above the $0.1000 and $0.1050 resistance levels against the US Dollar. The price even spiked above $0.1100 and it traded as high as $0.1168 before starting a downside correction. The price dived below the $0.1050 support zone, but the bulls were able to defend the $0.1000 and $0.0980 support levels. A swing low is formed near $0.0951 and the price is currently rising. There was a break above the $0.1050 level and the price settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.1168 high to $0.0951 low. The price is now facing hurdles near the $0.1120 level. It is close to the 76.4% Fib retracement level of the downward move from the $0.1168 high to $0.0951 low. Stellar (XLM) price above $0.1050. Source: TradingView.com It seems like there is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM\/USD pair. On the upside, the bulls need to clear the $0.1120 level for a fresh increase. A successful break above the $0.1120 resistance could open the doors for more gains towards the $0.1180 and $0.1200 levels in the coming sessions. Dips Supported in XLM If XLM price corrects lower, the bulls are likely to protect the $0.1050 level or the bullish trend line. If there is a break below the trend line and $0.1050, the price could extend losses. The main support is near the $0.1000 level and the 100 simple moving average (4-hours), below which the price might turn bearish in the short-term. Technical Indicators 4-hours MACD \u2013 The MACD for XLM\/USD is slowly losing momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for XLM\/USD is currently well above the 50 level. Major Support Levels \u2013 $0.1050, $0.1040 and $0.1000. Major Resistance Levels \u2013 $0.1120, $0.1180 and $0.1200.<\/p>\n","protected":false},"author":67,"featured_media":433373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16891,4],"tags":[3970,12220,16425,79498],"class_list":["post-433371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stellar-xlm","category-analysis","tag-stellar","tag-xlm","tag-xlmusd","tag-xlmusdt"],"acf":[],"yoast_head":"\n\n
Stellar (XLM) is Holding Uptrend<\/h2>\n
Stellar (XLM) price above $0.1050. Source: TradingView.com<\/a><\/pre>\n
Dips Supported in XLM<\/h2>\n