Stellar (XLM) Closes Last Hour Down $0.00; Moves Up For the 3rd Straight Day, But Still in a Downtrend Over Past 30 Days

The Hourly View for XLM

Last Updated June 3, 2021, 02:017 GMT

At the moment, Stellar’s price is down $0 (-0.02%) from the hour prior. Stellar has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Stellar. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 up 3.93% ($0.0158) since the day prior, marking the 3rd straight day an increase has occurred. The change in price came along side change in volume that was up 28.72% from previous day, but down 18.19% from the Wednesday of last week. Stellar outperformed all 7 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Here is a daily price chart of Stellar.


Stellar Technical Analysis

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 down 8 out of the past 14 days.