Stellar (XLM) Closes Last Hour Down $0.00; Moves Up For the 2nd Consecutive Day

The Hourly View for XLM

Last Updated October 5, 2020, 23:16 GMT

At the moment, XLM’s price is down $0 (-0.07%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 2 Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. 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 is up 2.57% ($0.0018) since the previous day, marking the 2nd consecutive day it has gone up. The price move occurred on volume that was up 14.63% from the day prior, but down 14.54% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Stellar below illustrates.

XLM

Stellar Technical Analysis

Coming into today 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Stellar’s price has gone up 17 them.