A sharp surge in sell-side volume has pushed Stellar below its ascending trendline and the key $0.2527 support level, shifting XLM’s structure decisively bearish and bringing the $0.2500 psychological zone into view.
On Nov. 17, Stellar slipped 1.2% amid rising volatility, sliding from $0.2580 to $0.2548 while trading within a choppy 3.3% intraday range. Momentum flipped after a firm rejection at $0.2607, which confirmed the breakdown of the prior uptrend and signaled growing downside pressure.
The most notable move unfolded near 13:00 UTC, when a 30.4 million XLM volume spike—well above average daily participation—drove the token beneath its rising trendline from $0.2521. Sellers maintained control through the next hourly candles, dragging XLM from $0.2586 to $0.2535. With the $0.2527 support level now decisively breached and fresh lows forming around $0.2531, the market appears poised for a potential test of $0.2500.
Support/Resistance:
Support at $0.2527 has given way, leaving $0.2500 as the next major downside marker. Upside resistance remains anchored at $0.2607, reinforced by an intraday rejection at $0.2617.
Volume Dynamics:
The 30.4M XLM spike—78% above the 24-hour average—confirms heightened selling interest, likely from larger players reacting to the trendline break.
Technical Structure:
A clean collapse below the trendline from $0.2521, paired with a volatile 3.3% consolidation zone, reflects a fragile near-term setup and underscores directional uncertainty.
Market Outlook:
The immediate bearish target sits at $0.2500. Bulls would need to reclaim $0.2580 to negate the breakdown and reassert control in the short term.
