Stellar (XLM) Closes Last Hour Down $0.00; But Still in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for XLM

Last Updated August 6, 2021, 02:048 GMT

Currently, XLM’s price is down $0 (-0.54%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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

The back and forth price flow continues for Stellar, which started today off at 0.2804 US dollars, down 0.07% ($0.0002) from yesterday. As for how volume fared, yesterday’s volume was up 23.57% from the previous day (Wednesday), and up 55.24% from Thursday of the week before. Those trading within the Top Cryptos asset class should know that Stellar was the worst performer in the class during yesterday. Below is a daily price chart of Stellar.


Stellar Technical Analysis

Volatility for Stellar has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 another vantage point, consider that Stellar’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.