Stellar’s XLM token slipped under key support in a seizure of institutional sales that signaled wider market weakness. Between September 18 at 1 p.m. 15.00 and 19 September at. 14:00 the XLM dropped 3.58% from $ 0.40 to $ 0.39, with volumes exceeding the 24-hour average of 22.33 million tokens. Analysts pointed to concentrated sales during the night of sessions – traditionally dominated by institutional currents – and the violation of $ 0.40 support as proof of relocation in front of legislative clarity.
Despite the withdrawal, XLM found modest relief in the last trade time that Eking out a 0.05% gain when buyers defended the $ 0.39 level. Still, the wider trend remains bearish, with resistance consolidated around the threshold of $ 0.40, where previous rebounds have faltered on elevated volume. Technical analysts warned the pattern with lower heights signals sustained downward pressure.
At the same time, the institutional interest in Stellar’s infrastructure is growing. Stellar Development Foundation highlighted the adoption during his Meridian conference in Rio de Janeiro, where centrifuge deployed a tokenized assets of $ 20 million (Derwa) Initiative and Mercado Bitcoin announced a $ 200 million tokenization program. PayPal’s USD StableCecoin also went live on the stars and expanded institutional access to the network.
Market indicators reflect institutional repositioning
- XLM violated critical support for $ 0.40 with trading volumes over 22.33 million average.
- Clear Bearish trend established with lower high formation throughout the trade session.
- Resistance levels consolidated to $ 0.40- $ 0.40, with recovery attempts facing institutional rejection.
- Intraday volatility reached $ 0.003 range between $ 0.39 session stops and $ 0.39 trough.
- Volume wave for 1.13 million units during the sales pressure before institutional stabilization.
- Recovery Momentum arose with 0.05% gain in the last 60 minutes of trading activity.
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