Below the $0.090 barrier zone, the price of stellar lumen is displaying negative indicators in relation to the US dollar.
Currently, the XLM price is trading below both the 55 simple moving average and $0.090. (4-hours).
On the 4-hours chart, a significant negative trend line is developing with resistance close to $0.090. (data feed via Kraken).
Similar to bitcoin, the price of stellar lumen is trading below $0.090 versus the US dollar.
Analysis of the price of stella (XLM to USD)
The stellar lumen price started a new slide against the US Dollar after an unsuccessful effort around the $0.095 area.
The values of $0.0880 and $0.0865 were moved down. Even lower below the $0.090 mark and the 55 simple moving average, the price finally settled (4-hours). Near $0.0837, a low was created, and currently that price is consolidating its losses.
The price is meeting resistance at the $0.0860 level on the upside. A 23.6% Fibonacci retracement of the latest slide from the $0.0929 swing high to $0.0837 low is also within striking distance.
It is quite near to where the latest collapse from the $0.0929 swing high to $0.0837 low is retracing 50% of its previous rise. The biggest resistance is located close to the $0.090 mark. On the 4-hours chart, a significant negative trend line with resistance near $0.090 is also developing.
The price may move toward $0.0950 if there is a clear breakout to the upside above the trend line. If there are any further advances, the price may move toward $0.0980 or possibly $0.1020.
The area around $0.0840 provides some initial support on the downside. Any more losses may push the price in the near future towards the $0.080 mark, below which it might potentially touch $0.0765 again.
According to the chart, the price of XLM is currently below $0.090 and the 55 simple moving average (4-hours). Overall, if there is a definite move below the $0.084 support, the price might begin a significant drop.
Technical Significance
$0.0840 and $0.0820 are important support levels.
$0.0860, $0.0880, and $0.090 are important resistance levels.