The Hourly View for XLM
Last Updated July 27, 2021, 06:017 GMT
At the moment, Stellar’s price is up $0 (0.35%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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 came into today down 2.1% ($0.0056) from the open of yesterday, marking the 2nd day in a row a decrease has occurred. The price move occurred on volume that was down 22.65% from the day prior, but up 52.89% from the same day the week before. On a relative basis, Stellar was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the daily price chart of Stellar.
Stellar Technical Analysis
The first thing we should note is that the current price of Stellar is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For another vantage point, consider that Stellar’s price has gone up 16 of the previous 30 trading days.
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