Stellar slipped into a bearish market structure after a high-volume breakdown pushed XLM below its ascending trendline and the crucial $0.2527 support, placing the spotlight on the $0.2500 psychological level.
On Nov. 17, XLM edged lower by 1.2% as volatility picked up sharply. The token moved from $0.2580 to $0.2548 during the session, trading within a choppy 3.3% intraday consolidation zone.
Bearish sentiment intensified following a clear rejection at the $0.2607 resistance area, which confirmed the end of the prior uptrend and highlighted weakening upward momentum.
The decisive shift occurred around 13:00 UTC, when a 30.4 million XLM volume spike—far exceeding typical daily flows—forced Stellar beneath the rising trendline originating from $0.2521. Heavy follow-through selling on subsequent hourly candles dragged prices from $0.2586 down to $0.2535. With support at $0.2527 broken and new lows emerging near $0.2531, the path toward a $0.2500 retest has opened.
Support/Resistance:
The failure of the $0.2527 support level puts $0.2500 as the next major downside target. Overhead resistance holds at $0.2607, with an intraday rejection recorded at $0.2617.
Volume Analysis:
A 30.4M XLM surge—78% above the 24-hour average—validated aggressive selling at the moment of breakdown, suggesting institutional participation.
Technical Patterns:
The clean break below the ascending trendline from $0.2521, paired with a volatile 3.3% consolidation phase, underscores elevated short-term uncertainty.
Market Outlook:
Near-term risk tilts lower, with the next objective at $0.2500. A move back above $0.2580 would be required to neutralize the bearish setup and restore positive momentum.
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