XLM rebound strongly after turning over night over sales pressure, with the token climbing back over $ 0.39 in European trade times on Tuesday. The move followed a sharp dip that saw the asset fall from $ 0.39 at 02:00 UTC to $ 0.38 to 4 AM, marking the session’s steepest decline. Elevated trading activity around the $ 0.38 level signaled a strong demand, which helped to establish this zone as an important support area.
Bounce gained momentum when the markets in Europe opened and pushed XLM back against $ 0.39. Analysts noted that the recovery suggested institutional interest where dealers probably accumulated at reduced prices. Price action under the 24-hour window from September 16 at. 15:00 UTC to September 17 at. 14:00 UTC highlighted resilience, where the asset oscillates within a narrow $ 0.38- $ 0.39 band — a 2% turn despite increased volatility in wider crypto markets.
Intraday trade in the last hour of the observed period reflected this traction between bulls and bears. After short testing of $ 0.39 at. 13:25 UTC, XLM returned to his session low only 20 minutes later before recovering speed. Recovering from DIP underlined the purchase of purchase, where the token closed near $ 0.39 and retained its bullish structure on its way into the US session.
Technical indicators signalize constructive momentum architecture
- Trade parameters of $ 0.38 to $ 0.39 make up 2 percent volatility difference in 24-hour assessment period.
- Acute nightly decline from $ 0.39 to $ 0.38 marked the most significant bearish mood of the period.
- Elevated Volume Participation About $ 0.38 Threshold Established Critical Demand Collapse.
- Recovery Momentum accelerated all over European trade in ascension beyond $ 0.39.
- Institutional accumulation confirmed at reduced levels around psychological $ 0.38 support.
- Follow -up of increasing low level through consolidative price behavior suggests underlying bullish conviction.
- Mid-Session Volatility examined critical support infrastructure over an hour of trade window.
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