The Hourly View for XLM
Last Updated October 15, 2020, 01:037 GMT
At the time of this writing, XLM’s price is down $0 (-0.15%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XLM has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Stellar Daily Price Recap
Stellar came into today down 3.06% ($0.0023) from the open of yesterday, marking the 2nd straight day a decline has happened. The price move occurred on volume that was up 5.78% from the day prior, but down 13.98% from the same day the week before. Those trading within the Top Cryptos asset class should know that Stellar was the worst performer in the class during yesterday. Let’s take a look at the daily price chart of Stellar.
Stellar Technical Analysis
Notably, the current price of Stellar is sitting close to its 20 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 15 out of the past 30 days.