Stellar (XLM) Closes Prior Hour Up 0.58%; Moves Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days

The Hourly View for XLM

Last Updated November 21, 2020, 02:037 GMT

At the moment, XLM’s price is up $0 (0.58%) from the hour prior. XLM has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Stellar Daily Price Recap

Stellar closed the day prior up 5.42% ($0.0045); this denotes the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 22.41% from the day prior, and up 81.4% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Stellar.

XLM

Stellar Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 15 out of the past 30 days.