Stellar (XLM) Closes Prior Hour Up 0.37%; 2 Day Up Streak Ended, in a Downtrend Over Past 30 Days, Price Base in Formation Over Past 90 Days

The Hourly View for XLM

Last Updated June 11, 2021, 20:17 GMT

Currently, Stellar’s price is up $0 (0.37%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 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 entered today at $0.3386, down 7.31% ($0.0267) from the previous day. This move happened on lower volume, as yesterday’s volume was down 29.97% from the day before — and down 23.92% 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 previous day. 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. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 16 out of the past 30 days.