Stellar (XLM) Closes Last Hour Up $0.00; 2 Day Up Streak Broken, Breaks Below 200 Day Average

The Hourly View for XLM

Last Updated October 2, 2020, 01:038 GMT

Currently, XLM’s price is up $0 (1.3%) from the hour prior. XLM has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning above 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

The choppiness in the recent daily price action of Stellar continues; to start today, it came in at a price of 0.07309 US dollars, down 2.38% ($0.0018) since the day prior. 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. Those trading within the Top Cryptos asset class should know that Stellar was the worst performer in the class during the day prior. Below is a daily price chart of Stellar.


Stellar Technical Analysis

First things first: Stellar crossed below its 200 day moving average yesterday. The clearest trend exists on the 30 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 16 them.