Stellar (XLM) Closes Prior Hour Down -0.36%; Moves Up For the 3rd Day In A Row, Price Base in Formation Over Past 30 Days

The Hourly View for XLM

Last Updated May 4, 2021, 02:017 GMT

Currently, Stellar’s price is down $0 (-0.36%) 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. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Stellar Daily Price Recap

Stellar closed yesterday up 2.96% ($0.016); this denotes the 3rd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 43.55% from the previous day (Sunday), and up 10.14% from Monday of the week before. Stellar outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Below is a daily price chart of Stellar.

XLM

Stellar Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Stellar’s price has gone up 6 them.