Stellar (XLM) Closes Last Hour Up $0.00; Moves Up For the 2nd Consecutive Day, in a Downtrend Over Past 30 Days

The Hourly View for XLM

Last Updated June 10, 2021, 07:017 GMT

At the time of this writing, Stellar’s price is up $0 (0.25%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 day prior up 4.49% ($0.0157); this denotes the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 31.3% from the day before — and down 11.7% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Stellar ended up ranking 6th for the day in terms of price change relative to the day prior. 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. Volatility for Stellar has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 up 8 out of the past 14 days.