Stellar’s native token XLM experienced significant volatility over the last 24 hours, dropping to critical support levels before making a strong recovery. The movements, characterized by notably high institutional trading activity, emphasized the market’s attention on the $0.36–$0.37 support zone as traders evaluate the potential for a breakout to higher targets.
During the Asian trading session, XLM fell to $0.36 with volumes exceeding 40 million—more than double the 24-hour average—confirming this price range as an essential high-volume support. The sell-off was swiftly absorbed, as the token climbed back toward $0.37, indicating that institutional investors may be securing positions at these lower price levels.
The final hour of trading on Sept. 24 was particularly volatile. XLM sharply dipped to $0.368 at 13:37 before bouncing back to session highs of $0.369 by 14:10. Volume surges at 13:37 (1.27 million), 13:58 (1.19 million), and 13:59 (1.58 million) underscored substantial institutional flows that influenced the intraday fluctuations.
Technical Indicators Signal Consolidation Pattern
- Price range of $0.01 representing 4 percent volatility indicates active trading interest.
- Elevated-volume support test at $0.36 level with 40.69 million in trading volume.
- Recovery towards $0.37 during Asian trading hours suggests institutional buying.
- Critical support zone established around $0.36 psychological level.
- Volume spikes during final hour indicate significant institutional activity.
- Consolidation pattern formation above $0.37 support zone.
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.
