Stellar (XLM) Closes Last Hour Down $0.00; Moves Down For the 2nd Consecutive Day

The Hourly View for XLM

Last Updated October 3, 2020, 23:16 GMT

At the time of this writing, XLM’s price is down $0 (-0.07%) from the hour prior. The hourly chart shows that XLM has seen 2 straight down hours. 1 Of note is that the 20 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

Stellar is down 2.86% ($0.0021) since yesterday, marking the 2nd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 44.5% from the day prior, and up 1.59% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 6th since yesterday 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 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days.