Stellar’s Token XLM was abruptly invested on October 3 after briefly trying new maximums. The Token increased to $ 0.4041 in the afternoon trade, but a great sale after 14:00 UTC dragged it to $ 0.4015, erasing previous profits.
The volumes shot during the mass sale, with more than 1.4 million tokens that were negotiated in a single minute, indicating the institutional sale in resistance and increases the risk of a greater inconvenience.
The movement occurs when Bitcoin.com Wallet Integrated Stellar and its Defi protocols, expanding the scope of XLM payments. Seasonal trends can provide support, and historically a strong month for cryptography, although short -term pressure remains.
Summary of technical indicators
- The volume analysis revealed greater activity during the initial progress with an exceptionally strong sales volume of more than 1.4 million during the period of 14: 00-14: 01.
- The resistance formed around $ 0.41- $ 0.41 in the area where the price repeatedly found the sales pressure.
- Support levels identified about $ 0.40- $ 0.40 where the purchase interest materialized several times.
- The consolidation formation was developed between $ 0.40- $ 0.40 indicating the potential accumulation.
- Boldist investment pattern validated by institutional distribution in the session peaks.
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