The Hourly View for XLM
Last Updated February 25, 2021, 00:017 GMT
At the time of this writing, Stellar’s price is down $0 (-0.12%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Stellar. Given that we see downtrend on the 20 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 down 16.5% ($0.0764) since yesterday, marking the 2nd consecutive day a decrease has occurred. As for how volume fared, yesterday’s volume was up 35.09% from the previous day (Tuesday), and up 156.97% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Stellar.
Stellar Technical Analysis
Notably, Stellar crossed below its 20 day moving average yesterday. 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 up over that time. For additional context, note that price has gone up 7 out of the past 14 days.