Stellar’s XLM fell 8% between October 13 and October 14 and slipped from $ 0.36 to $ 0.33 in the middle of an increase in trade volume to 63.1 million tokens-good over 24-hour average of 36.85 million. Sales were intensified after the token broke the key support to $ 0.34 in the early 14 October trade, triggering heavy liquidation and pushing prices to a new local low at $ 0.32.
The sharp decline showed clear capitulation signs where high volume sold hints to potential oversold conditions. XLM rebound cards in the last trade time and increased 0.4% from $ 0.32 to $ 0.33, as institutional buyers seemed to accumulate at reduced levels.
Trade activity froze after 14:05, which suggests market consolidation near the $ 0.33 resistance zone. Volatility emphasizes a wider crypto market uncertainty with Bitcoin -dominance stable near 58%. Despite the turmoil, some analysts remain the long term, predicting a potential rally against $ 1.44 by the end of 2025 based on Elliott wave patterns.
Technical Signals Flash Market Stress
- XLM breaks critical $ 0.34 support during October 14 04:00 session with 48.03 million volume of over 24-hour average.
- Capitulation that sells arises at $ 0.32 low as volume waves to 63.10 million tokens under 14 October 13:00 session.
- Extraordinary volatility posts 2% intraday area with sharp reversing patterns that signalize potential oversold conditions.
- Institutional accumulation signals flash during 13: 46-13: 47 sessions with extraordinary 2.67-3.68 million token volume.
- Trade activity will cease from 14:05 onwards with zero volume indicating market consolidation phase.
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