Stellar’s XLM token experienced significant volatility over the past 23 hours, oscillating between $0.38 and $0.39 in a tight yet active trading range. The most dramatic movement occurred between 08:00–09:00 UTC, when XLM surged from $0.38 to $0.39 on an impressive volume of 70 million—more than three times its 24-hour average.
Trading momentum continued into the following hour, with volume remaining elevated above 60 million before the price stabilized near the upper end of the range.
The morning rally was driven by a combination of technical activity and improving fundamentals. Notably, a recent DTCC patent filing identified both XRP and XLM as compatible networks for liquidity tokenization within systems managing nearly $4 quadrillion in securities annually.
Additionally, the Stellar Development Foundation announced that major payments and asset management firms plan to launch on the network soon, coinciding with a ninefold increase in Stellar’s total value locked over the past year.
However, bullish momentum quickly dissipated in the final session. Between 13:15 and 14:14 UTC, XLM fell back from $0.39, wiping out morning gains.
The sharpest sell-off occurred around 13:45–13:47, when the token plummeted on heavy volume exceeding 3.6 million. Activity stalled to zero in the last two minutes of trading, indicating a retreat by institutional investors and potential short-term consolidation.
This volatility underscores the cryptocurrency market’s susceptibility to rapidly changing sentiment, even amidst increasing institutional interest.
XLM’s morning breakout highlighted enthusiasm surrounding Stellar’s growing ecosystem and validation from a significant player in financial market infrastructure. Yet the intraday reversal reinforced how quickly optimism can shift to profit-taking, leaving traders wary of near-term direction.
Technical Indicators Show Mixed Signals
- Volume spike to 70.02 million during 08:00-09:00 establishes strong resistance at the $0.39 level.
- Sustained heavy volume of 60.17 million through 09:00-10:00 confirms bullish momentum.
- Consolidation around $0.39 suggests this zone may become new support after the breakout.
- Final hour selling pressure on 3.6 million volume creates a new support zone around $0.39.
- Zero trading volume in the last two minutes indicates institutional withdrawal.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see RialCenter’s full AI Policy.
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