Stellar’s XLM token slipped below key support in an institutional sales fight, signaling a wider weakness on the market. Between September 18 at 3:00 p.m. and September 19 at 2:00 p.m., XLM dropped from $ 0.40 to $ 0.40 to $ 0.39, with volumes exceeding 24 hours of 22.33 million tokens. Analysts underlined the sale concentrated during the night sessions – traditionally dominated by institutional flows – and the violation of $ 0.40 of support as proof of repositioning before regulatory clarity.
Despite the withdrawal, XLM found a modest relief in the last hour of negotiation, eliminating a gain of 0.05% while the buyers defended the level of $ 0.39. However, the wider trend remains down, with a resistance consolidating around the threshold of $ 0.40 where the previous rebounds have weakened in high volume. Technical analysts have warned the lower signals drop -down signals of the downward pressure.
At the same time, the institutional interest in Stellar infrastructure continues to grow. The Stellar Development Foundation highlighted the adoption at its Meridian conference in Rio de Janeiro, where Centrifugal has deployed a real tokenized active. (derwa) Initiative and Mercado Bitcoin announced a $ 200 million tokenization program. Paypal’s StableCoin USD has also been put online with stellar, extending institutional access to the network.
Market indicators reflect institutional repositioning
- XLM violated critical support at $ 0.40 with negotiation volumes over 22.33 million means.
- Clear downward trend established with lower high training throughout the negotiation session.
- The resistance levels are consolidated at $ 0.40 at $ 0.40 when the recovery attempts were faced with institutional rejection.
- Intrajournal volatility reached $ 0.003 between $ 0.39 per session peak and $ 0.39.
- The volume increases to 1.13 million units during the sale pressure before institutional stabilization.
- The recovery momentum emerged with a gain of 0.05% in the last 60 minutes of commercial activity.
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