Stellar (XLM) Price Near $0.07; Moves Down For the 2nd Consecutive Day

The Hourly View for XLM

Last Updated October 3, 2020, 01:037 GMT

At the moment, XLM’s price is up $0 (0.18%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Stellar Daily Price Recap

Stellar is down 2.86% ($0.0021) since the day prior, 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 the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Stellar.

XLM

Stellar Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.