Stellar’s XLM token experienced significant volatility in the past 23 hours, fluctuating between $0.38 and $0.39 within a narrow but active trading range. The token’s most notable surge occurred between 08:00–09:00 UTC, when XLM jumped from $0.38 to $0.39 on a surge of 70 million in volume—more than three times the 24-hour average.
Trading momentum continued into the next hour, with volume remaining above 60 million before the price stabilized near the upper end of the range.
The morning surge was driven by a combination of technical factors and strengthening fundamentals. A recent DTCC patent filing notably highlighted both XRP and XLM as suitable networks for liquidity tokenization in systems managing nearly $4 quadrillion in securities annually.
Additionally, the Stellar Development Foundation announced that major payment and asset management firms are getting ready to launch on the network in the coming weeks, coinciding with a ninefold increase in Stellar’s total value locked over the past year.
However, bullish momentum rapidly dissipated during the final session. Between 13:15 and 14:14 UTC, XLM retraced from $0.39, negating the morning gains.
The most intense selling occurred around 13:45–13:47, when the token plummeted on heavy volume exceeding 3.6 million. Trading activity halted completely in the last two minutes, indicating an institutional pullback and possible short-term consolidation.
This volatility illustrates the crypto market’s sensitivity to rapidly changing sentiment, despite increasing institutional interest.
XLM’s morning breakout highlighted excitement surrounding Stellar’s growing ecosystem and validation from a key player in financial market infrastructure. Yet, the intraday reversal emphasized how swiftly optimism can turn into profit-taking, leaving traders wary about the near-term trajectory.
Technical Indicators Show Mixed Signals
- Volume spike to 70.02 million during 08:00-09:00 creates strong resistance at the $0.39 level.
- Sustained heavy volume of 60.17 million from 09:00-10:00 confirms bullish momentum.
- Consolidation around $0.39 suggests this area may serve as new support post breakout.
- Final hour selling pressure on 3.6 million volume establishes a new support zone around $0.39.
- Zero trading volume in the last two minutes indicates institutional withdrawal.
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.
