Stellar (XLM) Price Near $0.08; But Still in an Uptrend Over Past 14 Days, Crosses 200 Day Moving Average, Nears 200 Day Moving Average

The Hourly View for XLM

Last Updated October 14, 2020, 01:037 GMT

Currently, XLM’s price is down $0 (-0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. 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 entered today at $0.07646, down 1.52% ($0.0012) from yesterday. This move happened on lower volume, as yesterday’s volume was down 27.33% from the day before — and down 49.29% 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 yesterday. Let’s take a look at the daily price chart of Stellar.

XLM

Stellar Technical Analysis

First things first: Stellar crossed below its 200 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.