Stellar (XLM) Closes Last Hour Down $0.00; 2 Day Up Streak Ended, in a Downtrend Over Past 14 Days

The Hourly View for XLM

Last Updated April 29, 2021, 03:017 GMT

At the time of this writing, Stellar’s price is down $0 (-0.06%) from the hour prior. The hourly chart shows that Stellar has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Stellar. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 50 hour changed directions on XLM; it is now pointing down. 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 back and forth price flow continues for Stellar, which started today off at 0.4976 US dollars, down 2.51% ($0.0128) from the previous day. This move happened on lower volume, as yesterday’s volume was down 1.68% from the day before — and down 5.95% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 6th since the previous day 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.