Is Stellar (XLM) Heading the Right Direction Thursday?

Stellar receives a strong short-term technical score of 67 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. XLM holds a better recent technical analysis than 67% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Stellar a 67 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Stellar!

Trading Analysis

Stellar is $0.02 (8.19%) above its 30-day low of $0.30 while -$0.11 (-25.62%) below its 30-day high of $0.44. In addition, XLM’s current price of $0.33 is under its 30-day moving average price of $0.36, leading to its a strong short-term technical score. Overall the recent trading history of Stellar suggest that investors are bullish on the coin at the moment.

XLM has a high market cap compared to the majority of coins with a total market value of $7,975,313,372.26. Stellar’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and XLM meets that criteria. Stellar’s average volume is high as $5,580,185,600.95 worth of the coin is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours XLM’s volume is below its average with $515,749,385.04 exchanged.

Stellar’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Stellar’s price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin’s short-term movement.

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