Stellar Lumen (XLM) Price Struggle Continues, Key Resistance I | Kianite

Stellar Lumen (XLM) Price Struggle Continues, Key Resistance Intact

Stellar lumen price is trading below $0.0760 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.0725 support to avoid more losses.

Stellar Lumen Price Analysis (XLM to USD)After a major rejection above the $0.0900 zone, stellar lumen price started a fresh decline against the US Dollar. The XLM/USD pair traded below the $0.0850 support to move into a bearish zone.

There was a move below the $0.0800 and $0.0780 levels. The price even settled below the $0.078 level and the 55 simple moving average (4-hours). A low was formed near $0.0725 and the price is now consolidating losses. The bears seem to be active below the $0.0760 level.