Stellar (XLM) Closes Last Hour Down $0.00; Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days

The Hourly View for XLM

Last Updated January 28, 2021, 00:017 GMT

At the moment, Stellar’s price is down $0 (-0.92%) from the hour prior. Stellar has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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

The choppiness in the recent daily price action of Stellar continues; to start today, it came in at a price of 0.2619 US dollars, up 0.31% ($0.0008) since the day prior. This move happened on lower volume, as yesterday’s volume was down 8.94% from the day before — and down 55.9% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Stellar ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Stellar.

XLM

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. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 16 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!