XLM Crashes Through Support as Volume Doubles in 24 Hours

XLM Crashes Through Support as Volume Doubles in 24 Hours

Stellar’s native token XLM faced intense pressure over the past 24 hours, plunging from a session high of $0.398 to a low of $0.380. The 5% swing unfolded amid heavy sell-side activity, with the most dramatic capitulation striking on Aug. 25 at 19:00 UTC, when prices tumbled from $0.393 to $0.387. That move coincided with a surge of 46.16 million tokens changing hands—well above the daily average—effectively locking in $0.393 as a formidable resistance zone.
The selloff reached its peak just an hour later as XLM tested the $0.380 support level on unprecedented trading volume of 95.27 million tokens, confirming the level as a critical line of defense for bulls. Despite the pressure, the token rebounded into the close, clawing back to $0.389 by the end of the session and underscoring the resilience of buyer demand at the $0.380 floor.
Market sentiment is being shaped by broader developments as well. A recently filed U.S.-based crypto ETF aims to spotlight homegrown digital assets,

Czytaj więcej

We współpracy z: https://www.coindesk.com/markets/2025/08/26/xlm-crashes-through-support-as-volume-doubles-in-24-hours

Total
0
Shares
Dodaj komentarz

Podobne Wpisy