Stellar’s native Token XLM was facing intensive pressure over the last 24 hours and threw himself from a session high of $ 0.398 to a low level of $ 0.380. 5% swing unfolded in the middle of heavy activity in the sales side, with the most dramatic capitulation that struck on August 25 at. 19:00 UTC as prices tumbled from $ 0.393 to $ 0.387. This movement coincided with a wave of 46.16 million tokens that change hands – well over the daily average – effectively locks $ 0.393 as a formidable resistance zone.
The sale reached its peak just an hour later when XLM tested $ 0.380 support level of unprecedented trading volume of 95.27 million tokens, confirming the level as a critical line of defense for bulls. Despite the pressed, the token rebounded in the near and clapped back to $ 0.389 at the end of the session and emphasized the resilience that the buyer’s demand of the $ 0.380 floor.
Market mood is also formed by a wider development. A recently archived US-based crypto ETF aims to spotlight homework digital assets, including the stars, potentially opening the door to new waves of institutional capital. At the same time, technical patterns suggest that XLM is spotted at a greater level of resistance near $ 0.50, where dealers see the possibility of a breakout whose momentum changes back to the head.
Intraday Trading Action highlighted this tension. Between 07:20 and 08:19 UTC On August 26, XLM navigated a narrow band between $ 0.387 and $ 0.392, logging a modest 0.18% gain from his session open. The short rally for $ 0.392 was powered by bursts by high volume purchases, but profit-intending speed. With volumes that waves 115% on the day to $ 402 million, the clash between heavy sales and potential whale accumulation remains the defining tale of Stellar’s almost term course.
Technical indicator analysis
- Price Battlefield: $ 0.018, representing a brutal 5% war zone from $ 0.398 maximum to $ 0.380 minimum in the 24-hour match period.
- Volume nuclear explosion: 95.27 million units detonates to $ 0.380 support piles, 115% above average trade ammunition.
- Resistance Fortress: The Impenetrable wall established at $ 0.393 with 46.16 million unit volume confirmation artillery.
- Support Stronghold: Mission -critical demand Fortress confirmed to $ 0.380 with massive volume validation firepower.
- Recovery offensive: Systematic progress against $ 0.389 after support testing with strategically declining volume.
- Intraday Chaos: 5% volatility area that indicates extreme market waring and institutional fighting activity.
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