Star lumens (XLM) It was negotiated in a narrow range in the last 24 hours, maintaining between $ 0.42 and $ 0.43 from August 14 at 3:00 p.m. UTC until August 15 at 2:00 p.m. UTC.
The Token saw the profits measured before taking the earnings of the late session, prices raised the lower 1% at $ 0.43 at the final time of trade. The technical analysis model of Coindesk Data suggests that XLM is approaching a key resistance level at $ 0.50, with a potentially directed break to $ 0.60- $ 0.77, backed by the strengthening of the foundations of the network and the growing institutional participation.
The metrics in the chain continue to paint a bullish image. Stellar active business wallets reached a historical maximum of 9.69 million, with 5,000–6,000 new institutional addresses added daily.
The total value blocked in the network increased 80% to $ 150 million, reflecting an increase in corporate adoption. The merchants are closely observing the area of $ 0.47– $ 0.50, a potential activation point for institutional coverage that could feed the next higher leg.
Despite the early pressure that leads to XLM to $ 0.42 in the first six hours of the session, buyers constantly emerged at that level, indicating strong institutional support.
During the night, the Token organized a stable recovery, trying again $ 0.43 before consolidating. In the last 60 minutes, the heavy sale briefly drove prices at $ 0.42, but a fast rebound and a lighter volume suggests that the sales pressure can be decreasing, leaving room for a renewed upward boost.
Signal consolidation phase of corporate technical indicators
- Stellar established robust institutional support in an area of $ 0.42 with a constant appearance of corporate buyers during the decrease in the early session.
- Proven cryptocurrency resistance about $ 0.43 during institutional trade during the night before consolidating in high price range.
- The negotiation volume reached its maximum point at 71,43 million during the initial decrease of six hours, indicating significant institutional interest and interest.
- The technical training is close to the critical resistance to the level of $ 0.50, which represents the key institutional rupture threshold.
- Corporate impulse indicators suggest a potential advance towards areas of institutional price objective of $ 0.60- $ 0.77.
- The volume of decreasing negotiation in the signals of the final hour exhausted the institutional sales pressure and the market stabilization potential.
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