Stellar’s original code has a heavy pressure for the past 24 hours, as it is traded in a narrow range, but it is punished between $ 0.34 and $ 0.36. The session started with the relative stability before knocking on a late sale of the distinctive symbol of its peak of $ 0.36 to $ 0.34.
Trading volume increased to 57 million units in the middle of the night, as the market tested the support is about 0.34 – 0.35 dollars. Buyers fell early in the next morning, and briefly raised XLM to $ 0.36 on the back of what appeared to be an institutional accumulation, with swelling of sizes to 70 million units.
Despite the recovery, the price movement stopped to about $ 0.36, which created a structure -related structure says technician traders often preceded the directional collapse. The last hour of trading on the first of September showed a declining momentum that regains control, with 1 % XLM slide with the collapse of the monotheistic pattern.
The data during the day highlighted the acceleration of the sale of the pressure between 13:45 and 13:46, when more than 1.28 million icons changed the lowest day. The recovery attempts have vanished before the closure, and the lack of activity in the last minute suggested trading has stopped effectively.
The basics of the symbol were also tested through developments related to exchange and network. Bithumb from South Korea announced that it will suspend XLM deposits on September 3 while the stars carry out network upgrades, a temporary disorder that confirms the transmission of Blockchain to a critical upgrade stage this month.
Meanwhile, the completion of Ripple of experimental tests with banks has strengthened wider confidence in Blockchain’s payment solutions, making pressure added on stars to achieve competitive improvements.
The size of the nails indicates institutional activity
- The trading range represents $ 0.02, 5 % spread between $ 0.34 and a $ 0.36 resistance during the session.
- Midnight Selloff generates 57 million heights indicating heavy institutional sale.
- Increasing the height of the Arculation Resparge 0.36 dollars over 70 million size, indicating the accumulation stage.
- The resistance confirmed $ 0.36 with the support zone, which was created about $ 0.34 -0.35 dollars.
- Attempts to recover at the final hour try to accelerate the landfill.
Slip: Parts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.
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