Stellar (XLM) Price Near $0.23; 4 Day Down Streak Snapped, Pin Bar Pattern Appearing on Chart

The Hourly View for XLM

Last Updated July 21, 2021, 20:17 GMT

Currently, Stellar’s price is up $0 (0.99%) from the hour prior. This is the 2nd consecutive hour Stellar has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 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

The end of a 4 day negative run has come for Stellar, which finished the previous day up 0.43% ($0.0009). As for how volume fared, yesterday’s volume was up 46.78% from the previous day (Monday), and up 76.54% from Tuesday of the week before. On a relative basis, the previous day was pretty good: Stellar bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Stellar below illustrates.

Stellar Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.