Stellar (XLM) Slips to $0.2495 Amid Altcoin Consolidation, Bounce from Support Holds
Stellar (XLM) fell 3.2% on Tuesday, sliding from $0.2577 to $0.2495 as the altcoin market consolidated and momentum cooled. The token briefly tested resistance at $0.2558 on volume 87% above its 24-hour average before sellers regained control.
Charts show stabilizing conditions, with XLM forming an intraday base at $0.248 and rebounding to reclaim the $0.250 psychological level. Hourly volume spikes near 1 million tokens point to renewed accumulation, while higher lows suggest improving momentum despite sector-wide weakness.
Traders are watching the $0.248–$0.250 range as a key pivot zone. XLM’s ability to hold support and maintain an $8 billion market cap highlights ongoing demand for its cross-border payments utility, even as DeFi tokens face pressure.
Technical Overview
- Support/Resistance: Primary support $0.248, secondary $0.2452; resistance $0.2558, with $0.250 reclaimed; range $0.248–$0.2577
- Volume: Peak selling 65.4M, accumulation spikes 988K & 871K; late volume 2.5M suggests exhaustion
- Chart Patterns: V-shaped recovery from $0.248; three rejection phases confirm bearish structure; higher lows $0.248–$0.249 hint at reversal
- Targets & Risk/Reward: Resistance $0.2558, breakout potential $0.2577; downside limited by $0.248, stop-loss below $0.2452; $0.250 offers favorable risk/reward
