Stellar (XLM) Closes Last Hour Up $0.00; 2 Day Up Streak Snapped, But Still in an Uptrend Over Past 90 Days

The Hourly View for XLM

Last Updated March 2, 2021, 00:017 GMT

Currently, Stellar’s price is up $0 (0.46%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Stellar has now gone up 5 of the past 5 hours. 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 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 0.4063 US dollars, down 7.45% ($0.0327) from the previous day. The price move occurred on volume that was down 34.8% from the day prior, but up 61.16% from the same day the week before. Those trading within the Top Cryptos asset class should know that Stellar was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Stellar.


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 down. For additional context, note that price has gone down 8 out of the past 14 days.