Stellar (XLM) Closes Prior Hour Up 0.12%; Heads Up For the 3rd Straight Day

The Hourly View for XLM

Last Updated June 2, 2021, 04:017 GMT

At the time of this writing, Stellar’s price is up $0 (0.12%) from the hour prior. This is the 2nd straight hour Stellar has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Stellar closed the day prior up 3.93% ($0.0158); this denotes the 3rd straight day an increase has occurred. The price move occurred on volume that was up 28.72% from the day prior, but down 18.19% from the same day the week before. On a relative basis, the day prior was pretty good: Stellar bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Stellar below illustrates.


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 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Stellar’s price has gone up 5 of the previous 10 trading days.