Stellar (XLM) Dips to $0.2495 as Consolidation Continues, Technical Bounce Holds
Stellar (XLM) fell 3.2% on Tuesday, sliding from $0.2577 to $0.2495 amid broad altcoin consolidation and cooling momentum. The token briefly tested resistance at $0.2558 on unusually high volume—87% above the 24-hour average—before sellers regained control.
Short-term charts indicate stabilization, with XLM forming an intraday base at $0.248 before rebounding to reclaim the $0.250 psychological level. Hourly volume spikes near 1 million tokens suggest renewed accumulation, while a sequence of higher lows signals improving momentum despite the broader market softness.
Traders are now monitoring the $0.248–$0.250 pivot zone, a key support range amid sector-wide consolidation. XLM’s ability to hold support and maintain an $8 billion market cap highlights continued demand for its cross-border payments utility, even as DeFi tokens face pressure.
Technical Snapshot
- Support/Resistance: Primary support $0.248, secondary $0.2452; resistance $0.2558, $0.250 reclaimed; trading range $0.248–$0.2577
- Volume: Selling peaked at 65.4M; accumulation spikes of 988K and 871K confirmed support; late volume dropped to 2.5M, signaling exhaustion
- Chart Patterns: V-shaped recovery from $0.248; three rejection phases confirm bearish structure; higher lows $0.248–$0.249 hint at reversal potential
- Targets & Risk/Reward: Resistance at $0.2558, potential breakout to $0.2577; downside limited by $0.248, stop-loss below $0.2452; $0.250 offers favorable risk/reward for longs

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