XLM Crashes Past Support, Volume Explodes 100% Higher

What XLM’s $0.380 Breakdown Signals for Traders

Stellar’s native token, XLM, dropped from $0.398 to $0.380 amid heavy sell-side pressure, marking a 5% intraday swing. The breakdown coincided with record volumes of 95.27 million tokens, confirming $0.380 as a key support level.

Resistance at $0.393 was reinforced by earlier high-volume trading, and the token rebounded to $0.389 by the session close. Broader context includes a newly filed U.S. crypto ETF featuring Stellar, which could channel additional institutional capital into the market. Traders remain cautious as XLM faces technical resistance near $0.50, leaving its short-term trajectory dependent on market momentum.