Stellar (XLM) slipped 1.6% on Tuesday, falling from $0.2491 to $0.2451 as sellers took control and the token extended a series of lower highs from the recent $0.2602 peak.
The asset traded within a range of $0.0153, posting 6.2% intraday volatility. A sharp 05:00 volume spike of 36.3 million xlm—78% above the 24-hour average—confirmed a breakdown below the key $0.2520 support level.
With no clear major catalysts, traders focused on the technical picture, where the loss of $0.2520 signaled likely institutional distribution rather than retail-driven volatility.
Bearish momentum intensified on the one-hour chart as XLM fell another 0.8%, slipping from $0.2478 to $0.2453. Two strong selling waves pushed the token below $0.2470 and $0.2460, with back-to-back volume surges of 1.71 million and 1.69 million tokens in a one-minute window—more than eight times normal levels.
Key technical levels continued pressure for XLM
Support/Resistance Assessment:
- Immediate support holds at $0.2449 session lows.
- Strong resistance was confirmed near the $0.2600 level.
- The critical support breakout ended at $0.2520.
Quantitative Assessment:
- 36.3 million volume spike marked 78% above daily average.
- Consecutive 1.7 million+ volume surges during the breakdown.
- 8x normal volume levels confirmed institutional selling.
Chart patterns:
- Consecutive lower highs pattern from the $0.2602 peak.
- Accelerating bearish momentum through support breaches.
- The two-wave selling structure dominates the 60-minute chart.
Targets and Risk/Reward:
- The downside target sits at $0.2430 if the momentum continues.
- Resistance forms at $0.2520 as previous flip support.
- The key reversal level remains at $0.2600 for recovery attempts.
Refusal: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
