Stellar Lumen (XLM) Price Eyes Fresh Increase Above $0.112

• Stellar lumen price started a downside correction from the $0.115 zone against the US Dollar.
• XLM is currently trading above $0.1060 and the 55 simple moving average (4 hours).
• The pair could start another increase if it clears the $0.1085 and $0.112 resistance levels.

Stellar Lumen Price Analysis

Stellar lumen price started a downside correction from the $0.115 zone against the US Dollar, but is now trading above $0.1060 and the 55 simple moving average (4 hours). If XLM/USD can clear the resistance at $0.1085 and $0.112, then it could start another increase in price.

XLM Price Support

After forming a base above the $0.100 level, Stellar lumen price started a fresh increase against the US Dollar, breaking through resistance at $0.108 and even clearing beyond $0.1120. However, bulls were active near the support at $0.1020 and formed a low around that area, attempting to start another increase in prices since then.

Resistance Levels

The price of XLM is currently facing resistance near the $0