Stellar’s price weakened on November 17, sliding 1.2% in 24 hours as volatility and volume advanced. XLM fell from $0.2580 to $0.2548 while carving out a choppy consolidation range of 3.3%.
The tone of the session changed dramatically after a sharp rejection from resistance near $0.2607, confirming a breakdown from the earlier rally and signaling deteriorating momentum.
The most decisive move came around 13:00 UTC, when a 30.4 million XLM volume spike – well above the daily average – pulled XLM below its uptrend from $0.2521.
Subsequent 60-minute action showed accelerating bearish pressure, with heavy selling pushing the token from $0.2586 to $0.2535. The breach of the key support at $0.2527 and the new sessions around $0.2531 opened the door to a possible psychological retest of the $0.2500 zone.
The key technical levels signal bearish momentum for XLM
Support/Resistance: Key tests support at $0.2527 before breakdown, with $0.2500 psychological level as next target; Resistance is establishing at $0.2607 with the session high declining at $0.2617.
Quantitative Assessment: The massive spike to 30.4m during the breakdown represented a 78% rise above the 24-hour average, confirming institutional selling pressure at critical levels.
Chart patterns: The uptrend from the $0.2521 break is certain, volatile consolidation with a 3.3% range suggests continued uncertainty in the near-term direction.
Targets and Risk/Reward: The immediate downside target at $0.2500 represents a 1.9% decline from the breakdown level, while a recovery above $0.2580 needs to occur to negate the bearish structure.
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