Stellar (XLM) Closes Last Hour Down $0.00; But Still in an Uptrend Over Past 14 Days, Moves Down For the 2nd Straight Day, is Inching Close to 20 Day Average

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.

XLM

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.