Stellar Faces Heavy Institutional Outflows, But Dip Buying Emerges
XLM endured sharp selling pressure, dropping from $0.39 to $0.36 between August 28–29. Market data shows institutions were behind much of the selling, with volumes spiking to over 41.89 million XLM.
Still, the decline was met with selective dip buying. Around $0.357–$0.362 support, institutional interest resurfaced, helping XLM close higher than session lows.
Corporate fundamentals remain supportive: 5,000–6,000 new wallets are being added daily, with adoption driven by global payment integrations. Analysts warn, however, that $0.373 resistance may cap near-term upside until sentiment stabilizes.
About The Author
More Stories
DOGE drops to $0.18 amid long-term holder exits and a looming death-cross price pattern.
Asia Markets: Cautious Calm Settles Over Bitcoin as Risk Positions Rebuild
“Analyst Dubs It ‘Bitcoin’s Silent IPO’ While Dissecting Market Stagnation in Viral Essay”