Institutional Selling Sparks Price Swings in XLM

XLM Slides 3% as Institutional Selling Drives Volatility, Brief Recovery Seen

Stellar’s XLM token fell 3% over the past 24 hours, declining from $0.39 to $0.38 amid heavy institutional selling. Trading volumes surged to 101.32 million—nearly three times the 24-hour average—indicating heightened market activity. The sharpest decline occurred on the morning of September 15, when XLM dropped from $0.395 to $0.376 within two hours, solidifying $0.395 as strong resistance and $0.375 as tentative support.

Despite the downtrend, XLM showed moments of intraday resilience. Between 13:15 and 14:14 UTC, the token rose from $0.378 to a session high of $0.383 before closing the hour at $0.380. Trading volumes exceeded 10 million units during this period, with 3.45 million tokens changing hands in a single minute as buyers attempted to overcome resistance. The $0.380–$0.381 range now appears to form a developing support zone.

Market behavior points to institutional profit-taking as a key driver. Persistent selling pressure has reinforced resistance at $0.395, while emerging support near $0.375 reflects opportunistic buying during liquidation waves. Traders may now focus on the $0.375–$0.395 range as the key battleground shaping XLM’s near-term direction.

Technical Summary

• Price fell 3% from $0.39 to $0.38 over 24 hours.
• Trading volume peaked at 101.32 million during the 08:00 session, nearly triple the daily average of 24.47 million.
• Strong resistance formed at $0.395 during the morning selloff.
• Key support emerged near $0.375 as buying interest absorbed selling pressure.
• Intraday volatility reached 5%, with a $0.019 range between peak and trough.
• Recovery attempts lifted XLM to $0.383 before sellers regained control.
• Consolidation around $0.380–$0.381 suggests a short-term support base.