Stellar’s native token, After consolidating near $0.34, the token briefly rose during the early hours of trading before falling back to $0.33 amid modest profit-taking.
The move reflects a measured correction following a short-term breakout, underscoring market participants’ tactical response to intraday momentum.
Trading volumes increased to 44.04 million over the same period (almost double the daily average of 22.35 million), indicating increased institutional participation and activity.
Much of this rally coincided with the inclusion of Stellar in WisdomTree’s recently launched exchange-traded product (ETP), which has amplified the attention of professional investors and reinforced XLM’s relevance in the evolving digital asset landscape.
During a volatile 60-minute period on October 15, XLM fell sharply to $0.33 before quickly recovering, supported by strong buying interest.
Over 4.8 million tokens changed hands during this period, suggesting strong institutional accumulation near key support between $0.32 and $0.33. The rapid recovery from intraday lows highlights the market’s continued confidence in Stellar’s technical foundation despite broader market uncertainty.
Overall, XLM’s ability to recover from sharp intraday declines, coupled with growing institutional commitment, reinforces the token’s resilience. The $0.33 level now stands out as a crucial support zone, and sustained buying interest is likely to determine whether Stellar can maintain its bullish momentum in the coming sessions.
Technical indicators present ambiguous signals
- XLM-USD demonstrated considerable volatility during the 24-hour period from October 14 15:00 to October 15 14:00 (24 hours), trading within a range of $0.02 (4.45%) between its high at $0.34 and its nadir at $0.33.
- The asset initially gained momentum, reaching session highs of around $0.34 during the early hours of trading, supported by above-average volume activity that established solid support near the $0.34 level.
- Selling pressure intensified during the latter part of the session, with
- Despite the bearish momentum, the cryptocurrency found support around $0.33 and concluded relatively stable at $0.33, suggesting possible consolidation ahead.
- Volume exceeded 4.8 million during the period from 1:48 p.m. to 1:51 p.m., well above the hourly average, indicating significant institutional buying interest at depressed levels.
- Critical support zone set at $0.33 for future price action based on recent recovery patterns and technical analysis.
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