Stellar’s XLM Falls Below $0.25 Amid Heightened Institutional Selling
Stellar’s XLM slipped 1.6% on Tuesday, declining from $0.2491 to $0.2451 as selling pressure extended a sequence of lower highs from its recent $0.2602 peak. The token traded within a $0.0153 range, with 6.2% intraday volatility. A 36.3 million XLM volume spike at 05:00—78% above the 24-hour average—confirmed a breakdown below the key $0.2520 support.
With no major fundamentals driving the market, technical factors dominated, suggesting institutional distribution rather than retail activity.
Bearish momentum intensified on the one-hour chart, with XLM sliding another 0.8% from $0.2478 to $0.2453. Two strong selling waves pushed the token below $0.2470 and $0.2460, with one-minute volume spikes of 1.71 million and 1.69 million tokens—over eight times normal levels.
XLM Technical Overview
- Support/Resistance: Support at $0.2449; resistance at $0.2600; former $0.2520 support now acts as overhead resistance.
- Volume: 36.3M spike 78% above average; consecutive 1.7M+ surges indicate institutional selling.
- Chart Patterns: Lower highs from $0.2602; accelerating bearish momentum; two-wave selling structure on the hourly chart.
- Targets: Downside target at $0.2430; $0.2520 now resistance; $0.2600 remains key reversal level
