Stellar’s Token XLM resisted intense volatility in the last 24 hours, falling to key support levels before organizing a robust rebound. The movements, marked by an unusual institutional commercial activity, underlined the market approach in the support zone of $ 0.36– $ 0.37 As merchants weigh the prospects for a break towards higher objectives.
During the Asian negotiation session, XLM collapsed to $ 0.36 in volumes that increased above 40 million, more than double the average of 24 hours, solidifying this price area such as a high -volume critical support. The mass sale was rapidly absorbed, with the Token rising to $ 0.37, a sign that institutional players may be accumulating positions at discount levels.
The last hour of commerce on September 24 was especially turbulent. XLM fell sharply at $ 0.368 at 13:37 before recovering at session maximums of $ 0.369 by 14:10. Spike volume at 13:37 (1.27 million), 13:58 (1.19 million) and 13:59 (1.58 million) highlighted significant institutional flows that promoted intra -intrade changes.
Technical indicators Signal consolidation pattern
- The price range of $ 0.01 represents 4 percent of volatility indicates active commercial interests.
- High volume support test at a level of $ 0.36 with 40.69 million in negotiation volume.
- Recovery towards $ 0.37 during Asian negotiation hours suggests institutional purchase.
- Critical support zone established around $ 0.36 Psychological level.
- Volume peaks during the final time indicate significant institutional activity.
- Consolidation pattern formation above $ 0.37 Support area.
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