Stellar (XLM) Closes Prior Hour Down -0.47%; in a Downtrend Over Past 14 Days, Moves Down For the 6th Consecutive Day

The Hourly View for XLM

Last Updated December 31, 2020, 03:017 GMT

Currently, Stellar’s price is down $0 (-0.47%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Stellar Daily Price Recap

Stellar is down 4.63% ($0.0064) since the day prior, marking the 6th consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 33.59% from the day before — and down 65.36% from the same day the week before. On a relative basis, Stellar was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. Let’s take a look at the daily price chart of Stellar.

XLM

Stellar Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 13 out of the past 14 days.