In this Stellar technical analysis, we will examine the current price action, trading volume, key levels and indicators for XLM-USDT. Stellar (XLM) is an open-source blockchain platform that aims to facilitate cross-border payments and asset transfers. With its advanced consensus algorithm and scalable architecture, Stellar enables fast and secure transactions for individuals, businesses, and financial institutions alike. Additionally, the platform’s built-in decentralized exchange (DEX) allows users to trade assets directly on the blockchain, further enhancing its utility and versatility.
Stellar Price Overview:
As of June 20, 2024, Stellar is trading at approximately 0.0939 USDT. Let’s dive into the detailed price action for XLM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0934 |
| High (H) | 0.0955 |
| Low (L) | 0.093 |
| Close (C) | 0.0939 |
| Volume (C) | 28,946,357.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0934 USDT.
- High (H): Stellar reached a daily high of around 0.0955 USDT.
- Low (L): The daily low for XLM-USDT was approximately 0.093 USDT.
- Close (C): At the time of analysis, Stellar is trading near its daily close of 0.0939 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.54% |
| 3D Change (%) | -3.10% |
| 7D Change (%) | -3.69% |
| 30D Change (%) | -16.31% |
| 90D Change (%) | -26.81% |
| YTD Change (%) | -27.27% |
Over the past three days, XLMUSDT has declined by approximately -3.10%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XLMUSDT maintaining a downward trend of approximately -16.31%, despite intermittent fluctuations. Examining the last 90 days, XLMUSDT has witnessed substantial decrease of approximately -26.81%, reflecting strong long-term confidence. Year-to-date, XLMUSDT has steadily decreased by around -27.27%, 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-USDT 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 0.36113.
- Momentum score is -0.11996.
XLM USDT Technical Analysis
Stellar Trading Volume:
The trading volume for Stellar (XLM) over the past 24 hours has been insignificant, with approximately 28,946,357.00 USDT 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-USDT is currently in the low zone, around 39.52686. This suggests that Stellar is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Stellar (XLM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore potential downturns for Stellar (XLMUSDT) at 9.39e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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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.