Stellar’s XLM Drops Below $0.25 as Institutional Selling Intensifies
Stellar’s XLM slid 1.6% on Tuesday, falling from $0.2491 to $0.2451 and extending a series of lower highs from its recent $0.2602 peak. Trading occurred within a $0.0153 range, with 6.2% intraday volatility. A volume surge of 36.3 million XLM at 05:00—78% above the 24-hour average—confirmed a breakdown below the critical $0.2520 support level.
With no significant fundamental catalysts, technical factors dominated, pointing to likely institutional distribution.
Bearish momentum strengthened on the one-hour chart as XLM dropped another 0.8% from $0.2478 to $0.2453. Two strong selling waves pushed the token below $0.2470 and $0.2460, accompanied by one-minute volume spikes of 1.71 million and 1.69 million tokens—over eight times the typical level.
XLM Technical Snapshot
- Support/Resistance: Immediate support at $0.2449; resistance at $0.2600; previous $0.2520 support now acts as overhead resistance.
- Volume: 36.3M spike 78% above average; consecutive 1.7M+ surges highlight institutional selling pressure.
- Chart Patterns: Lower highs from $0.2602; accelerating bearish momentum; two-wave selling structure dominates hourly chart.
- Targets: Next downside at $0.2430; $0.2520 now resistance; $0.2600 remains key reversal level.
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