Stellar (XLM) Closes Prior Hour Up 1.04%; Heads Down For the 2nd Straight Day

The Hourly View for XLM

Last Updated July 15, 2021, 01:017 GMT

At the moment, Stellar’s price is up $0 (1.04%) from the hour prior. The hourly chart shows that Stellar has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. 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 2.79% ($0.0067) since the day prior, marking the 2nd straight day a decrease has occurred. The price move occurred on volume that was up 9.36% from the day prior, but down 5.67% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Stellar.

Stellar Technical Analysis

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 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Stellar’s price has gone down 6 of the previous 10 trading days.