Stellar (XLM) Closes Last Hour Up $0.00; in a Downtrend Over Past 14 Days

The Hourly View for XLM

Last Updated May 28, 2021, 02:046 GMT

Currently, XLM’s price is up $0 (0.02%) from the hour prior. The hourly chart shows that XLM has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XLM. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

0.4203 (USD) was the opening price of the day for Stellar, resulting in the day prior being one in which price moved down 5.25% ($0.0233) from the day prior. This move happened on lower volume, as yesterday’s volume was down 27.34% from the day before — and down 53.57% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Stellar.

XLM

Stellar Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Stellar’s price has gone up 16 of the previous 30 trading days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 90 day charts, may be slowing down and ready to reverse.