Stellar (XLM) slipped 1.6% on Tuesday, dropping from $0.2491 to $0.2451 as sellers took control and the token extended a series of lower highs from its recent $0.2602 peak.
The asset traded within a $0.0153 range, posting 6.2% intraday volatility. A sharp 05:00 volume spike of 36.3 million XLM — 78% above the 24-hour average — confirmed a breakdown below the key $0.2520 support level.
With no clear fundamental catalysts, traders focused on the technical picture, where the loss of $0.2520 signaled likely institutional distribution rather than retail-driven volatility.
Bearish momentum intensified on the one hour chart as XLM fell another 0.8%, sliding from $0.2478 to $0.2453. Two forceful selling waves drove the token below $0.2470 and $0.2460, with back-to-back volume surges of 1.71 million and 1.69 million tokens during the a one minute window — more than eight times typical levels.
XLM/USD (TradingView)Key Technical Levels Signal Continued Pressure for XLM
Support/Resistance Analysis:
- Immediate support holds at $0.2449 session lows.
- Strong resistance confirmed near $0.2600 level.
- Critical support breakdown completed at $0.2520.
Volume Analysis:
- 36.3 million volume spike marked 78% above daily average.
- Consecutive 1.7 million+ volume surges during breakdown.
- 8x normal volume levels confirmed institutional selling.
Chart Patterns:
- Consecutive lower highs pattern from $0.2602 peak.
- Accelerating bearish momentum through support violations.
- Two-wave selling structure dominates 60-minute chart.
Targets & Risk/Reward:
- Downside target sits at $0.2430 if momentum continues.
- Resistance builds at $0.2520 as former support flips.
- Key reversal level remains $0.2600 for recovery attempts.
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.
Source: https://www.coindesk.com/markets/2025/11/19/stella-s-xlm-token-breaks-key-usd0-25-support-as-altcoins-suffer-continued-drawdown
