XLM slipped to a bassista dressed in the last 24 hours, quoting between $ 0.39 and $ 0.40 and breaking the key support levels. Token volatility intensified during the last negotiation hours of August 20, when prices fell from $ 0.40 to $ 0.39, marking a decisive support violation that had previously provided a purchase impulse. The movement indicates the continued pressure on the asset despite its attempts to consolidate around the threshold of $ 0.40.
Commercial data revealed a greater distribution activity, with a turnover that reaches 45.04 million during the 13:00 session, well above the average of 24 hours. The increase in volume underlines a remarkable institutional participation in the sale of jumps, amplifying the downward impulse. XLM’s failure to maintain above resistance levels and breach of multiple intra -intimate supports to bearish conditions that probably persist in the short term.
XLM weakness occurs despite the constructive news of the ecosystem. The Stellar Development Foundation recently compromised capital to the tokenization firm based in the United Kingdom Archax, which underlines its long -term growth strategy. Even so, the broader market conditions weighed a lot, with Bitcoin that remained about $ 113,500, while Altcoins faced corrective pressure, leaving XLM exposed to continuous downward risk.
Technical indicators Continuous signal fragility
- The price violated decisively below the established level of $ 0.39 that had previously provided accumulation interest.
- The volume increased dramatically during the most pronounced decline phases, with 4.92 million registered in 14: 17, the highest reading of a single minute.
- He could not establish significant support above the psychological level of $ 0.39 throughout the session.
- The persistent pattern of lower peaks indicates that accelerating the moment down remains intact.
- The zero volume recorded at 14:20 suggests a potential capitulation among market participants.
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