Stellar Lumen Price Needs to Clear This to Start Recovery

Stellar Lumen (XLM) Price Analysis

• Stellar Lumen price is struggling below the $0.0850 resistance zone against the US Dollar.
• XLM price is trading below $0.0820 and the 55 simple moving average (4 hours).
• There is a crucial bearish trend line forming with resistance near $0.0812 on the 4-hour chart.

Current Market Situation

Stellar lumen price is trading below $0.0820 against the US Dollar, similar to Bitcoin. XLM price could extend losses if it trades below the $0.0778 support level. There was also a spike below the $0.0765 support zone and a low was formed near $0.0752 before the price started an upside correction. The pair moved above the 23.6% Fib retracement level of the downward move from the $0