Stellar’s XLM token endured sharp swings over the last 24 hours and tumbled 3% as institutional sales pressure dominated order books. The asset fell from $ 0.39 to $ 0.38 between September 14 at. 15.00 and 15 September at. 14:00, with trading volumes peaking with 101.32 million-nest triple its 24-hour average. The heaviest liquidation hit in the morning of September 15, when XLM collapsed from $ 0.395 to $ 0.376 within two hours and established $ 0.395 as a fixed resistance, while preliminary support formed near $ 0.375.
Despite the wider downward, the intraday action highlighted moments of resilience. From 13:15 to 14:14 on September 15, XLM staged a short recovery and jumped from $ 0.378 to a session high of $ 0.383 before closing the hour of $ 0.380. Trade volume rose over 10 million units during this window, with 3.45 million changing hands in a single minute as Bulls tried to push past resistance. While sellers closed speed, the consolidation zone represents around $ 0.380- $ 0.381 now a potential support base.
Market dynamics suggest distribution patterns that comply with institutional profits. The sustained supply cost has reinforced resistance to $ 0.395, where repeated rally trials have failed, while the emergence of support near $ 0.375 reflects opportunistic purchase under liquidation waves. For dealers, $ 0.375- $ 0.395 band has become the main battlefield that will define direction in the short term.
Technical indicators
- XLM retired 3% from $ 0.39 to $ 0.38 during the previous 24 hours from September 14, 15:00 to 15 September 14:00.
- Trade volume peaked with 101.32 million over 08:00 hours, almost tripled the 24-hour average of 24.47 million.
- Strong resistance established about $ 0.395 level during morning sales.
- Key support appeared near $ 0.375, where it was realized to buy interest.
- Price range of $ 0.019 representing 5% volatility between tip and trough.
- Recovery attempt reached $ 0.383 with 13:00 before encountering sales pressure.
- Consolidation pattern formed about $ 0.380- $ 0.381 zone suggesting a new support level.
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