Stellar Sees 6% XLM Decline on High-Volume Midnight Trading Despite Rain Integration

XLM Tumbles 7% Despite Stellar’s Rain Integration, Highlighting Market Volatility

Stellar’s native token XLM dropped 7% over the past 24 hours, falling from $0.288 to $0.271 amid a wave of heavy selling that echoed the broader market downturn. This decline occurred even as Rain, a global stablecoin-powered card platform, announced its integration with Stellar, joining Solana and Tron in its ecosystem expansion.

While the price slide broke below an important recovery trendline dating back to April, the Rain partnership signals a promising step forward for Stellar’s mainstream adoption. The collaboration allows users to utilize stablecoins on high-speed networks like Stellar for everyday spending, potentially laying the groundwork for long-term growth.

Technical Breakdown:

• XLM-USD experienced a 7% decline, dropping from $0.288 to $0.271 within 24 hours.
• Exceptional selling volume of 76.9 million units hit at midnight, setting resistance near $0.280.
• Support formed around $0.270 to $0.271, bolstered by buying volume of 74.7 million in the early hours.
• The critical support zone of $0.270–$0.271 was tested multiple times with high volume.
• An attempted recovery formed an ascending channel around 09:43, but selling pressure quickly returned.
• The final trading hour was marked by volatility, with prices swinging between $0.270 and $0.273 before settling at $0.271 on heavy volume.