Stellar’s native token, XLM, has shown notable resilience over the past 24 hours, fluctuating in a tight $0.02 range between $0.33 and $0.34. After consolidating near $0.34, the token briefly rose in the first few hours of trading before returning to $0.33 amid modest profit-taking.
This move reflects a measured correction following a short-term breakout, highlighting market participants’ tactical response to intraday dynamics.
Trading volumes jumped to 44.04 million during the same period, almost double the daily average of 22.35 million, signaling increased participation and institutional activity.
Much of this rise coincided with Stellar’s inclusion in WisdomTree’s new exchange-traded product (ETP), which amplified professional investor attention and solidified XLM’s relevance in the evolving digital asset landscape.
During a volatile 60-minute period on October 15, XLM fell sharply to $0.33 before quickly rebounding, supported by strong buying interest.
Over 4.8 million tokens changed hands during this period, suggesting strong institutional accumulation near key support between $0.32 and $0.33. The rapid recovery from intraday lows highlights the market’s continued confidence in Stellar’s technical foundation despite broader market uncertainty.
Overall, XLM’s ability to recover from sharp intraday declines – coupled with growing institutional engagement – strengthens the token’s resilience. The $0.33 level now appears to be a crucial support zone, with sustained buying interest likely to determine whether Stellar can maintain its bullish momentum in the coming sessions.
Technical indicators show ambiguous signals
- XLM-USD demonstrated considerable volatility during the 24-hour period from October 14 at 3:00 p.m. to October 15 at 2:00 p.m. (24 hours), trading within a range of $0.02 (4.45%) between its peak at $0.34 and its nadir at $0.33.
- The asset initially gained momentum, reaching session highs around $0.34 during early trading hours, supported by above-average volume activity that established strong support near the $0.34 level.
- Selling pressure intensified during the latter part of the session as XLM saw a sharp decline from $0.34 to $0.33, representing a 2% contraction that coincided with a significantly high volume of 44.04 million, significantly above the 24-hour average of 22.35 million.
- Despite bearish momentum, the cryptocurrency discovered support around $0.33 and closed relatively steady at $0.33, suggesting potential consolidation ahead.
- Volume exceeded 4.8 million during the 1:48 p.m.-1:51 p.m. period, well above the hourly average, indicating substantial institutional buying interest at depressed levels.
- Critical support zone established at $0.33 for future price action based on recent recovery patterns and technical analysis.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
