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Stellar Lumen (XLM) Price Could Nosedive Below The 55 SMA

From livebitcoinnews.com

After a strong decline, stellar lumen price found support near the $0.0720 level against the US Dollar. The XLM/USD pair traded as low as $0.0722 and recently started an upside correction. There was a break above the $0.0800 resistance zone. However, the price failed to gain pace above the $0.0850 resistance zone. A high was formed near $0.0847 and the price started a fresh decline. There was break below the $0.0820 support. Stellar declined below the 23.6% Fibonacci retracement level of the upward move from the $0.0722 low to $0.0847 high. The price is now trading near the $0.0800 level and the 55 simple moving ... (full story)

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  • Category: Technical Analysis