Stellar’s native token, XLM, showed remarkable resilience over the past 24 hours, fluctuating within a tight $0.02 range between $0.33 and $0.34. After consolidating near $0.34, the token briefly broke higher during early trading hours before falling back to $0.33 amid modest profit-taking.
The move reflects a measured correction after a short-term breakout, highlighting market participants’ tactical response to intraday momentum.
Trading volume rose to 44.04 million during the same period – nearly double the daily average of 22.35 million – signaling increased participation and institutional activity.
Much of this rise coincided with Stellar’s inclusion in WisdomTree’s recently launched exchange-traded product (ETP), which has boosted the attention of professional investors and reinforced XLM’s relevance in the evolving digital asset landscape.
During a volatile 60-minute stretch on October 15, XLM fell sharply to $0.33 before quickly rebounding, supported by strong buying interest.
More than 4.8 million tokens changed hands during this period, indicating strong institutional accumulation near key support between $0.32 and $0.33. The rapid recovery from intraday lows highlights continued market confidence in Stellar’s technical fundamentals despite broader market uncertainty.
Overall, XLM’s ability to recover from steep intraday declines – combined with rising institutional engagement – reinforces the token’s resilience. The $0.33 level now stands out as a crucial support zone where sustained buying interest is likely to determine whether Stellar can maintain its upward momentum in the coming sessions.
Technical indicators show ambiguous signals
- XLM-USD saw significant volatility during the 24-hour period from October 14th 15:00 to October 15th 14:00 (24h), trading within a range of $0.02 (4.45%) between the peak at $0.34 and the nadir at $0.33.
- The asset initially gained momentum, hitting session highs around $0.34 in early hours, supported by above-average volume activity that established robust support near the $0.34 level.
- Selling pressure intensified during the latter part of the session, where XLM saw a significant drop from $0.34 to $0.33, representing a 2% contraction, coinciding with significantly increased volume of 44.04 million, significantly above the 24-hour average of 22.35 million.
- Despite bearish momentum, the cryptocurrency spotted support around $0.33 and concluded relatively steady at $0.33, suggesting a potential consolidation ahead.
- Volume rose to over 4.8 million in the 13:48-13:51 period, well above the hourly average, suggesting significant institutional buying interest at a low level.
- Critical support zone established at $0.33 for future price action based on recent recovery patterns and technical analysis.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
