In this Stellar technical analysis, we will examine the current price action, trading volume, key levels and indicators for XLM-BTC. Stellar is an open-source blockchain network that facilitates cross-border payments and asset transfers. It utilizes a consensus mechanism called Stellar Consensus Protocol (SCP) to validate transactions and maintain the integrity of its ledger. With its focus on scalability, security, and interoperability, Stellar has established itself as a promising platform for financial institutions and individuals alike.
Stellar Price Overview:
As of December 05, 2023, Stellar is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for XLM-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 5,315,114.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Stellar reached a daily high of around 0.0 BTC.
- Low (L): The daily low for XLM-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Stellar is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.75% |
| 3D Change (%) | -8.12% |
| 7D Change (%) | -9.87% |
| 30D Change (%) | -20.95% |
| 90D Change (%) | -41.04% |
| YTD Change (%) | -34.19% |
Over the past three days, XLMBTC has fallen by approximately -8.12%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.87%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XLMBTC maintaining a downward trend of approximately -20.95%, despite intermittent fluctuations. Examining the last 90 days, XLMBTC has witnessed substantial decrease of approximately -41.04%, reflecting strong long-term confidence. Year-to-date, XLMBTC has steadily declined by around -34.19%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Stellar Live Chart:
You can access a live price chart for XLM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.3454.
- Momentum score is -0.2095.
XLM BTC Technical Analysis
Stellar Trading Volume:
The trading volume for Stellar (XLM) over the past 24 hours has been insignificant, with approximately 5,315,114.00 BTC traded against XLM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): XLM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Stellar is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for XLM-BTC is currently in the low zone, around 31.38075. This suggests that Stellar is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Stellar (XLM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Stellar (XLMBTC) faces challenges, trading at 2.83e-06 BTC, as technical analysis signals weakened support and cautionary indicators.
Don’t overlook our detailed insights on XLM USDT Stellar Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.