Stellar’s XLM fell 8% between October 13 and October 14, slipping from $ 0.36 to $ 0.33 amid a trading volume to 63.1 million tokens-higher than a 24-hour average of 36.85 million. The sale intensified after the token that destroyed the main support of $ 0.34 in early October 14 trading, which sparked heavy extermination and pushing prices to a new local low $ 0.32.
The sharp decline has shown clear signs of capitulation, with high volume selling hints in potential oversold conditions. The XLM temporarily rebounds at the final time of trading, rising 0.4% from $ 0.32 to $ 0.33 while institutional consumers have appeared to accumulate at discount levels.
The trading activity was frozen after 14:05, suggesting the integration of the market near the $ 0.33 resistance to the zone. Volatility emphasizes greater uncertainty in the crypto market, with Bitcoin dominance that is stable near 58%. Despite the excitement, some analysts remain bullish long term, forecasting a potential rally towards $ 1.44 at the end of 2025 based on Elliott Wave patterns.
Technical signals flash market stress
- XLM broke the critical support of $ 0.34 on October 14 04:00 session with 48.03 million quantities more than 24 hours average.
- The sale of capitulation appeared at $ 0.32 low as a surge volume at 63.10 million tokens in the October 14 13:00 session.
- Exceptional posts of volatility of 2% intraday coverage with sharp return patterns -viewing potential oversold conditions.
- Institutional accumulation signals flashed during 13: 46-13: 47 session with a rare 2.67-3.68 million quantities of token.
- The trading activity completely stops from 14:05 as zero volume indicating the phase of integration -with the market.
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