XLM Tests Key Support, Buyers Defend $0.357
Stellar’s token slid 7.7% over 24 hours, bottoming at $0.356 before recovering to $0.361. The move marked a retest of support at $0.357–$0.362, an area that attracted fresh buying flows late in the session.
Technical indicators highlight resistance near $0.373, while intraday swings reflected heavy institutional positioning. A $0.031 daily range confirmed heightened volatility, with volumes surging well above average.
Market observers point to the MACD convergence and rebound off lows as signs that accumulation strategies may be underway, though near-term sentiment remains fragile.
