Stellar’s XLM token has endured net fluctuations in the last 24 hours, plumping 3% while the institutional sales pressure dominated the command books. The asset went from $ 0.39 to $ 0.38 between September 14 at 3:00 p.m. and September 15 at 2:00 p.m., with negotiation volumes peaking at 101.32 million, which trips its average of 24 hours. The heaviest liquidation struck during the morning hours of September 15, when XLM went from $ 0.395 to $ 0.376 in two hours, establishing $ 0.395 as a firm resistance while provisional support formed almost $ 0.375.
Despite the wider downward trend, intraday action has highlighted moments of resilience. From 1:15 p.m. to 2:14 p.m. on September 15, XLM organized a brief recovery, going from $ 0.378 to a session summit of $ 0.383 before closing the time to $ 0.380. The volume of negotiation jumped above 10 million units during this window, with 3.45 million hands changes in a single minute while the Bulls were trying to exceed resistance. Although the sellers have launched, the consolidation area between $ 0.380 to $ 0.381 now represents a potential support base.
Market dynamics suggest that distribution models in accordance with institutional profits. Persistent general supply costs have strengthened the resistance to $ 0.395, where repeated rally attempts failed, while the emergence of support close to $ 0.375 reflects opportunistic purchases during liquidation waves. For merchants, the band from $ 0.375 to $ 0.395 has become the key battlefield that will define short -term management.
Technical indicators
- XLM fell 3% from $ 0.39 to $ 0.38 in the previous 24 hours from September 14 3:00 p.m. to September 15.
- The volume of exchanges culminated at 101.32 million in 8:00 am, near the triple of the average 24 hours a day at 24.47 million.
- Strong resistance established a level of about $ 0.395 during the morning sale.
- The key support emerged almost $ 0.375 when the purchase of interest was materialized.
- Price range of $ 0.019 representing a volatility of 5% between the peak and the hollow.
- Recovery attempts reached $ 0.383 per 1:00 p.m. before undergoing sales pressure.
- The consolidation model was formed between $ 0.380 and $ 0.381 per area suggesting a new level of support.
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