Stellar (XLM) Closes Prior Hour Down -0.42%; Makes Big Move Relative to Past Three Months, Price Base in Formation Over Past 30 Days, Heads Up For the 4th Consecutive Day

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The Hourly View for XLM Last Updated January 7, 2021, 17:17 GMT Currently, Stellar’s price is down $0 (-0.42%) from the hour prior. Stellar has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward…

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