Lumens has broken out hard from the range it held between $0.31 and $0.35. It currently is testing $0.40. If it retraces, it is likely to test $0.38, the central moving average of the KRI
, $0.35, the lower bound of the range, and finally the lower bound of the KRI
which still sits at $0.30, also a psychological level. Next, we have $0.28, and $0.23, both Fibonacci levels. Both Kovach Momentum Indicators have picked up, especially on the 30-minute timeframe. If we can push further, the next level of resistance is $0.43, a Fibonacci level, then $0.47 is the next barrier. Finally, we have $0.50, which was a significant barrier for XLM
, then there is a vacuum zone from above until $0.65.
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