Stellar’s XLM token plummeted from 0.398 USD to 0.380 USD amid high sell pressure. A substantial 46.16 million tokens traded as prices fell, confirming the 0.380 USD support as critical.
The recent filing of a U.S. Crypto ETF focusing on digital assets including Stellar is influencing market sentiment, potentially attracting new institutional investments. However, traders are watching closely for a breakout near the resistance at 0.50 USD.
Intraday trading saw XLM fluctuate between 0.387 USD and 0.392 USD, securing a slight gain of 0.18%. The trading volume surged by 115% to 402 million USD, highlighting the ongoing conflict between sell pressure and buyer accumulation.
Leave a Reply