XLM price – Stellar (XLM) Closes Prior Hour Up 0.92%; Heads Up For the 3rd Consecutive Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for XLM

Last Updated April 7, 2021, 15:17 GMT

At the moment, Stellar’s price is up $0 (0.92%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Stellar has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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 up 0.69% ($0.0037) from the open of yesterday, marking the 3rd consecutive day an upward move has occurred. The change in price came along side change in volume that was down 5.72% from previous day, but up 380.08% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Stellar ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Stellar.

Stellar Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.