Stellar (XLM) Price Near $0.37; Moves Down For the 3rd Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for XLM

Last Updated May 31, 2021, 02:017 GMT

At the moment, Stellar’s price is up $0 (0.84%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Stellar has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Stellar closed the previous day down 7.94% ($0.0317); this denotes the 3rd day in a row a decline has happened. The price move occurred on volume that was down 11.46% from the day prior, but up 0.4% 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. The daily price chart of Stellar below illustrates.

XLM

Stellar Technical Analysis

Notably, the current price of Stellar is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 7 out of the past 10 days.