Stellar’s XLM notched solid gains Tuesday, rising 3.53% to $0.2508 and outperforming the broader crypto market by more than a percentage point. Trading activity picked up meaningfully, with volumes running 23% above weekly norms — a sign traders were positioning for a potential breakout even in the absence of major fundamental catalysts.
The rally pushed XLM directly into resistance at $0.2540, creating a key technical battleground as intraday volatility reached nearly 5%. While price action briefly tested both sides of the market, overnight trading delivered the session’s most notable development: a 70.4 million surge in traded tokens, roughly 94% above the 24-hour average, helping reinforce support near $0.2443.
Momentum, however, began to shift late in the session. Heavy sell orders hit during the final minutes of trading, driving XLM from $0.2477 to $0.2449 on a 2.8 million-token spike at 16:58. The abrupt reversal pointed to profit-taking pressure and signaled emerging downside risks.
With fundamentals quiet, traders are now focused on whether XLM can reclaim the $0.2540 resistance zone or if late-session weakness sets the stage for a retest of support around $0.2420. Elevated volume alongside shifting institutional flow patterns suggests volatility could remain elevated in the near term.
Key Technical Levels Signal Mixed Outlook for XLM
- Support/Resistance: Primary support holds at $0.2422 with resistance forming near $0.2540; new support test at $0.2449 following late selling.
- Volume Analysis: 23% surge above weekly average confirmed buying interest; final-hour institutional flow suggested profit-taking pressure.
- Chart Patterns: Range-bound consolidation with $0.0124 trading range; late-session reversal pattern created downside momentum.
- Targets & Risk: Further decline toward $0.2420 likely if selling persists; upside resistance remains at $0.2540 level.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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https://www.coindesk.com/markets/2025/11/24/stellar-climbs-3-5-to-usd0-25-as-technical-recovery-gains-momentum
2025-11-24 18:15:00




