Stellar (XLM) fell 1.6% on Tuesday, falling from $0.2491 to $0.2451 as sellers took control and the token extended a streak of lower highs from the recent $0.2602 peak.
The asset trades within a $0.0153 range and exhibits an intraday volatility of 6.2%. A sharp 05:00 volume surge of 36.3 million XLM – 78% above the 24-hour average – confirmed a break below the key support level of $0.2520.
With no clear fundamental catalysts, traders focused on the technical picture, with the loss at $0.2520 signaling likely institutional distribution rather than retail-driven volatility.
Bearish momentum strengthened on the one-hour chart as XLM fell another 0.8%, falling from $0.2478 to $0.2453. Two strong selling waves drove the token below $0.2470 and $0.2460, with back-to-back volume increases of 1.71 million and 1.69 million tokens during the one-minute window – more than eight times typical levels.
Key technical levels Signal continued pressure for XLM
Support/Resistance Analysis:
- Immediate support holds at the $0.2449 session low.
- Strong resistance confirmed near $0.2600 level.
- Critical support breakdown completed at $0.2520.
Volume analysis:
- An increase of 36.3 million in volume marked 78% above the daily average.
- Consecutive 1.7 million+ volume increases during crash.
- 8x normal volume levels confirmed institutional selling.
Chart Patterns:
- Consecutive lower highs pattern from $0.2602 top.
- Accelerating bearish momentum through support violations.
- Two-wave selling structure dominates 60-minute chart.
Objectives and risk/reward:
- The downside target is at $0.2430 if the momentum continues.
- Resistance builds on $0.2520 as previous support flip.
- The key reversal level remains at $0.2600 for recovery attempts.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
