XLM Experiences Significant Fluctuations Amid Strong Institutional Selling Pressure on Its Price

Stellar’s XLM token experienced significant fluctuations in the last 24 hours, dropping 3% as institutional selling pressure influenced order books. The asset fell from $0.39 to $0.38 between September 14 at 15:00 and September 15 at 14:00, with trading volumes peaking at 101.32 million—almost three times the 24-hour average. The most severe liquidation occurred during the morning hours of September 15, as XLM plummeted from $0.395 to $0.376 in just two hours, establishing $0.395 as strong resistance while tentative support emerged near $0.375.

Amid the overall downtrend, intraday activity revealed moments of strength. From 13:15 to 14:14 on September 15, XLM saw a brief rebound, rising from $0.378 to a session high of $0.383 before closing the hour at $0.380. Trading volume surpassed 10 million units during this period, with 3.45 million changing hands in a single minute as buyers tried to breach resistance. Although sellers limited momentum, the consolidation zone around $0.380–$0.381 now suggests a potential support base.

Market trends indicate distribution patterns typical of institutional profit-taking. The ongoing supply has solidified resistance at $0.395, where multiple rally attempts have failed, while support near $0.375 indicates opportunistic buying during liquidation phases. For traders, the $0.375–$0.395 range has become a crucial battleground that will shape the near-term direction.

Technical Indicators

• XLM retreated 3% from $0.39 to $0.38 during the previous 24 hours from September 14 at 15:00 to September 15 at 14:00.
• Trading volume peaked at 101.32 million during the 08:00 hour, nearly triple the 24-hour average of 24.47 million.
• Strong resistance was established around the $0.395 level during the morning sell-off.
• Key support emerged near $0.375 where buying interest was evident.
• Price range of $0.019 represents 5% volatility between peak and trough.
• Recovery attempts reached $0.383 by 13:00 before facing selling pressure.
• A consolidation pattern formed around the $0.380-$0.381 zone, suggesting a new support level.

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 standards.