XLM Slides Below Key Support as Selling Pressure Escalates Across Crypto Markets
Stellar’s XLM token extended its recent downtrend on Tuesday, breaking below critical support at $0.39 amid broad-based weakness in digital assets and intensifying sell-side volume.
Over the last 24 hours, XLM traded in a tight range between $0.40 and $0.39 before slipping sharply during the final hours of the session. The break below $0.39 marked a notable shift in momentum, signaling that recent buying interest has faded and bearish sentiment remains firmly in control.
Volume spikes accompanied the move lower, with turnover hitting 45.04 million at 13:00 UTC—well above the token’s 24-hour average. One-minute volume peaked at 4.92 million during the steepest leg down, underscoring the force behind the selloff and suggesting large-scale liquidations or institutional exits may be underway.
The bearish technical picture adds to the pressure. XLM failed to establish a new support zone above $0.39 and continues to print lower highs, indicating a persistent downward trend. While a brief zero-volume reading at 14:20 could imply short-term capitulation, buyers have yet to regain control.
The decline came despite positive ecosystem developments, including the Stellar Development Foundation’s investment in U.K.-based tokenization firm Archax. However, broader market conditions remain fragile, with Bitcoin hovering near $113,500 and altcoins broadly underperforming, keeping XLM exposed to continued downside.
