Stellar Token XLM Up 5% Before Abrupt Late-Session Collapse

Stellar’s XLM token surged from $0.36 to a session high of $0.37 before retreating to $0.36 in the final hour, marking a 5% intraday range. Strong support at $0.35 held firm, backed by elevated trading volumes that peaked at 28 million tokens at 07:00 and 82 million by midday, highlighting robust market participation.

Despite the late reversal, XLM closed slightly higher than its opening price, maintaining a bullish technical structure. Over the past year, the token has posted a 288% gain, supported by Protocol 23 upgrades and growing adoption in cross-border payment solutions. Competition from emerging PayFi platforms may continue to influence short-term volatility.

Technical Snapshot:

• Support: $0.35
• Resistance: $0.36
• Session High: $0.37
• Trend: Bullish fundamentals remain intact despite the closing-hour pullback

The session underscores strong institutional interest and active trading, signaling that volatility is likely to remain a key feature in the near term.