XLM Slides Below Support as Daily Volume Spikes Twofold

XLM Breaks $0.380 Support Amid Institutional Liquidations

Stellar (XLM) fell sharply over the past 24 hours, dropping from $0.398 to a session low of $0.380 as heavy institutional selling intensified. Volumes peaked at 95.27 million tokens during the support test, more than double the daily average, confirming $0.380 as a critical floor.

Resistance now sits at $0.393, where earlier high-volume selling established a formidable barrier. Despite the pressure, XLM rebounded to $0.389, showing that buyer demand remains present.

The broader market backdrop includes a U.S.-based crypto ETF that lists Stellar, potentially introducing fresh institutional flows. XLM also faces technical resistance near $0.50, leaving traders focused on whether momentum can shift bullish.