Stellar’s The selling intensified after the token broke key support at $0.34 in early trading on October 14, triggering a strong sell-off and pushing prices to a new local low of $0.32.
The sharp decline showed clear signs of capitulation, with high volume selling hinting at potential oversold conditions. XLM briefly rebounded in the last hour of trading, rising 0.4% from $0.32 to $0.33 as institutional buyers appeared to accumulate at reduced levels.
Trading activity stalled after 2:05 p.m., suggesting market consolidation near the $0.33 resistance zone. The volatility underscores broader uncertainty in the crypto market, with Bitcoin dominance stable at nearly 58%. Despite the turmoil, some analysts remain optimistic in the long term, forecasting a potential rebound towards $1.44 by the end of 2025 based on Elliott wave patterns.
Technical Signals Flash Market Stress
- XLM breaks critical support at $0.34 during the October 14, 04:00 AM session with volume of 48.03 million surpassing the 24-hour average.
- The capitulation sale emerges at a low of $0.32 as volume reaches 63.10 million tokens during the October 14, 1:00 p.m. session.
- Exceptional volatility shows a 2% intraday range with sharp reversal patterns signaling potential oversold conditions.
- Institutional accumulation signals are flashing during the 1:46 p.m. to 1:47 p.m. sessions with an extraordinary volume of 2.67 to 3.68 million tokens.
- Trading activity ceases completely from 2:05 p.m. with zero volume indicating a phase of market consolidation.
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