(Last Updated January 18, 2021)
Hello! This is the news page for Stellar. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
If we observe the 90 and 30 day timeframes, we see an uptrend in place for XLM.
Across several time periods between 20 and 200 days, the trend on XLM has remained consistently bullish.
The chart below illustrates.
At the moment, XLM’s price is up $0.01 (4.36%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XLM’s price action over the past year.
The price move occurred on volume that was up 31.66% from the day prior, but down 35.42% from the same day the week before.
The change in price came along side change in volume that was up 31.66% from previous day, but down 35.42% from the thursday of last week.
This is the 2nd hour in a row stellar has seen its price head up.
This move is a reversal from the hour prior, which saw price move down.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
This move happened on lower volume, as yesterday’s volume was down 16.05% from the day before — and down 60.22% from the same day the week before.
Or to view things another way, note that out of the past 30 days stellar’s price has gone down 20 them.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Relative to other instruments in the top cryptos asset class, stellar ranked 4th since the previous day in terms of percentage price change.
This move is a reversal from the hour prior, which saw price move down.