Stellar Lumen (XLM) Price Could Struggle To Continue Higher. Stellar lumen price is slowly moving lower below $0.
31 Aug 2021, 08:00
Stellar Lumen (XLM) Price Could Struggle To Continue Higher
Stellar lumen price is slowly moving lower below $0.3500 against the US Dollar, similar to bitcoin. XLM price could extend losses if it breaks the $0.3150 support zone.
Stellar Lumen Price Analysis (XLM to USD)After a steady increase above $0.3500, stellar lumen price faced sellers against the US Dollar. The XLM/USD pair tested the $0.3900 zone, where sellers appeared.
The price formed a high near $0.3900 and recently started a fresh decline. There was a break below the $0.3800 and $0.3700 support levels. There was also a break below a major contracting triangle with support near $0.3590 on the 4-hours chart.