XLM recovered strongly after facing the sale pressure during the night, with the Token rising above $ 0.39 during European negotiation hours on Tuesday. The movement followed a strong fall that saw the asset fall from $ 0.39 to 2 AM UTC to $ 0.38 per 4 am, marking the most steep decline in the session. The high commercial activity around the level of $ 0.38 indicated a strong demand, helping to establish that area as a key support area.
The rebound won impulse as the markets opened in Europe, pushing XLM towards $ 0.39. The analysts pointed out that the recovery suggested institutional interest, with merchants who probably accumulate at discount prices. Price action during the 24 -hour window from September 16 at 3:00 p.m. UTC to September 17 at 2:00 p.m. UTC resilience highlighted, with the asset oscillating inside a narrow band of $ 0.38– $ 0.39, a 2% swing despite a broader volatility in broader cryptographic markets.
Intradia trade in the last hour of the observed period reflected this strip and loosen between bulls and bears. After briefly trying $ 0.39 at 13:25 UTC, XLM returned to its session under only 20 minutes later before recovering the impulse. The recovery of the fall stressed the purchase conviction, with the Token closing about $ 0.39 and preserving its upward structure in the United States session.
Technical indicators signal the architecture of constructive impulse
- The negotiation parameters of $ 0.38 to $ 0.39 constitute a 2 % differential volatility during the 24 -hour evaluation period.
- The acute night decrease of $ 0.39 to $ 0.38 marked the most pronounced bearish feeling of the period.
- High volume participation around $ 0.38 threshold established a confluence of critical demand.
- The recovery impulse accelerated throughout the European trade with ascension beyond $ 0.39.
- Institutional accumulation confirmed at discount levels around the psychological support of $ 0.38.
- The succession of ascending minimums through the behavior of the consolidative price suggests an underlying bullish conviction.
- The volatility of the average session examined the critical support infrastructure during the one -hour negotiation window.
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