Stellar’s Token XLM suffered acute swings in the last 24 hours, falling 3% as the institutional sales pressure dominated orders books. The asset decreased from $ 0.39 to $ 0.38 between September 14 at 3:00 p.m. and September 15 at 14:00, with negotiation volumes of 101.32 million, tripled at its average of 24 hours. The heaviest liquidation came during the morning of September 15, when XLM collapsed from $ 0.395 to $ 0.376 in two hours, establishing $ 0.395 as a firm resistance, while the tentative support formed about $ 0.375.
Despite the broader lower trend, intra -action action highlighted the moments of resilience. From 13:15 to 14:14, on September 15, XLM organized a brief recovery, jumping from $ 0.378 to a $ 0.383 session before closing the time at $ 0.380. The negotiation volume increased above 10 million units during this window, with 3.45 million changing hands in a single minute while the bulls tried to push the resistance beyond. While sellers limit the impulse, the consolidation zone of around $ 0.380– $ 0.381 now represents a potential support base.
Market dynamics suggests distribution patterns consisting of institutional gains. The persistent supply overload has reinforced resistance at $ 0.395, where repeated rally attempts have failed, while the appearance of support about $ 0.375 reflects the opportunistic purchase during liquidation waves. For merchants, the band of $ 0.375– $ 0.395 has become the key battlefield that will define the short -term address.
Technical indicators
- XLM withdrew 3% of $ 0.39 to $ 0.38 during the previous 24 hours from September 14 from September 3:00 p.m. 14:00.
- The negotiation volume reached its maximum point at 101.32 million during the 08:00 hours, almost triple the 24.47 million average.
- A strong resistance established around $ 0.395 during the morning sale.
- The key support arose about $ 0.375, where purchase interests materialized.
- Price range of $ 0.019 that represents a 5% volatility between the peak and the feeder.
- Recovery attempts reached $ 0.383 at 1:00 p.m. before finding the sales pressure.
- The consolidation pattern was formed around $ 0.380- $ 0.381 area that suggests a new support level.
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