XLM experienced a significant trading fluctuation, starting at $0.36 and dipping to $0.34. Trading volume escalated past 57 million units overnight, indicating active market engagement.
A notable recovery brought XLM back to $0.36, supported by institutional accumulation, which raised trading volumes to 70 million. However, resistance at this level hints at potential challenges ahead.
As bearish momentum re-emerged, XLM decreased by 1% at the session’s end. Additionally, Bithumb’s upcoming suspension of XLM deposits due to network upgrades may further impact the token’s price dynamics.
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