Stellar XLM’s native token faced intense pressure over the past 24 hours, which dropped from a session high of $ 0.398 to low $ 0.380. The 5% swing opens amid heavy seller activity, with the most dramatic capitulation noticeable on August 25 at 19:00 UTC, when prices fell from $ 0.393 to $ 0.387. That move in conjunction with a flowing of 46.16 million hands that changes hands -which is more than a day -to -day average -effectively blocking $ 0.393 as a terrible resistance.
The sale reached its climax just one hour as XLM tried a $ 0.380 support level to the uninterrupted trading volume of 95.27 million tokens, confirming the level as a critical defense line for bulls. Despite the pressure, the token bounced nearby, returning to $ 0.389 at the end of the session and emphasized the stability of the consumer demand on the $ 0.380 floor.
Market sentiment is also shaped by greater development. A recently filed US-based Crypto ETF aimed at noting homegrown digital assets, including Stellar, which potential opening the door to new waves of institutional capital. At the same time, technical patterns suggest that XLM is coiling under a major resistance level of close to $ 0.50, with entrepreneurs looking at the possibility of a breakout if the momentum returns to the reverse.
The intraday trading action is highlighting this tension. Between 07:20 and 08:19 UTC on August 26th, XLM navigates a narrow band between $ 0.387 and $ 0.392, swinging a moderate 0.18% gain from the open session open. The short rally up to $ 0.392 was boosted by high -volume purchases, but the income spreading momentum. In volumes that drop 115% in the day up to $ 402 million, the clash between heavy sale pressure and potential whale accumulation remains a reference to the narrative for the nearby stellar trajectory.
Technical assessment
- Battlefield price: $ 0.018 representing a brutal 5% war zone from $ 0.398 maximum up to $ 0.380 minimum during the 24 -hour battle.
- Nuclear explosion volume: 95.27 million units that dedicate $ 0.380 to support the bunker, 115% above the average trading bullets.
- Fortress of Resistance: The insoluble wall was established at $ 0.393 with 46.16 million unit volume confirmation artillery.
- Support Support: The Mission-Critical Demand Fortress confirmed at $ 0.380 with a massive volume of authentication firepower.
- Offensive recovery: the systematic advances towards $ 0.389 following the support test with a strategic volume reduction.
- Intraday Chaos: 5% Volatility Scope that indicates intense warfare in the market and institutional battle activity.
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