Institutional Offloading Drives Volatility in XLM Prices

XLM Slides 3% Amid Institutional Selling, Brief Intraday Recovery Observed

Stellar’s XLM token dropped 3% over the past 24 hours, slipping from $0.39 to $0.38 as institutional selling dominated market activity. Trading volumes spiked to 101.32 million—nearly three times the 24-hour average—underscoring elevated participation. The sharpest decline occurred on the morning of September 15, when XLM fell from $0.395 to $0.376 within two hours, establishing $0.395 as a firm resistance and tentative support near $0.375.

Despite the downward pressure, XLM showed moments of resilience. Between 13:15 and 14:14 UTC, the token climbed from $0.378 to a session high of $0.383 before settling at $0.380. Over 10 million units traded during this period, with 3.45 million tokens changing hands in a single minute as buyers attempted to push through resistance. The $0.380–$0.381 zone now appears to serve as a short-term support range.

Market dynamics indicate that institutional profit-taking is shaping price action. Repeated failures to break $0.395 confirm strong resistance, while support near $0.375 reflects opportunistic buying amid liquidation waves. The $0.375–$0.395 range has emerged as a critical battleground likely to define XLM’s near-term trajectory.

Technical Highlights

Price fell 3% from $0.39 to $0.38 over the 24-hour period.
Trading volume peaked at 101.32 million during the 08:00 session, nearly three times the 24-hour average of 24.47 million.
Resistance solidified at $0.395 during morning selling.
Key support formed near $0.375, absorbing smaller-scale selling.
Intraday volatility reached 5%, with a $0.019 range between peak and trough.
Recovery attempts pushed the price to $0.383 around 13:00 before sellers regained control.
Consolidation between $0.380–$0.381 suggests a developing support base.