Stellar (XLM) Closes Prior Hour Up 0.1%; 2 Day Up Streak Broken, Breaks Below 200 Day Average

The Hourly View for XLM

Last Updated October 2, 2020, 23:16 GMT

Currently, XLM’s price is up $0 (0.1%) from the hour prior. The hourly chart shows that XLM has seen 2 straight up hours. 2 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

0.07309 (USD) was the opening price of the day for Stellar, resulting in the previous day being one in which price moved down 2.38% ($0.0018) from the previous day. The change in price came along side change in volume that was up 24.88% from previous day, but down 9.53% from the Thursday of last week. On a relative basis, Stellar was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the previous day. Below is a daily price chart of Stellar.

XLM

Stellar Technical Analysis

Notably, Stellar crossed below its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Stellar’s price has gone up 16 them.