Stellar (XLM) Price Near $0.23; in a Downtrend Over Past 90 Days, Moves Down For the 2nd Consecutive Day

The Hourly View for XLM

Last Updated July 19, 2021, 02:017 GMT

At the moment, Stellar’s price is up $0 (0.62%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Stellar Daily Price Recap

Stellar is down 1.06% ($0.0025) since the day prior, marking the 2nd consecutive day it has gone down. The change in price came along side change in volume that was down 50.36% from previous day, but up 69.78% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Stellar.

Stellar Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Stellar’s price has gone up 15 of the previous 30 trading days.