“Stellar’s Xlm Token Slid 3% Amid Institutional Selling, But Intrady Valativity Showed Signs of Short-Lived Recovery.”, – WRITE: www.coindesk.com
Despite The Broader Downtrend, Intrady Action Highlighted Moments of Resilien. From 13:15 to 14:14 on September 15, Xlm Staged A Brief Recovery, Jumping from $ 0.378 to ASESION HIGH OF $ 0.383 Before Closing The Hour At $ 0.380. Trading Volume Surged Above 10 Million Units During this Window, With 3.45 Million Changing Hands in a Single Minute as Bulls Attempted to Push Past Resistance. While Selers Capped Momentum, The Consolidation Zone AROUND $ 0.380– $ 0.381 Now Represents a Potential Support Base.
Market Dynamics Suggest Distribution Patterns Consistent with Institutional Profit-Taking. The Persent Supple Overhead Has Reinforced Resistance at $ 0.395, WHERE REPEATED Rally Attempts Have Failed, While The Emergence of Support Near For Traders, The $ 0.375– $ 0.395 Band Has Become The Key BattleGround that Will Define Near-Term Direction.
XLM/USD (TradingView)
Technical Indicators
- XLM retreated 3% from $ 0.39 to $ 0.38 Dringing The Prevures 24-Hours from 14 September 15:00 to 15 September 14:00.
- Trading Volume Peaked AT 101.32 Million During the 08:00 Hour, Nearly Triple The 24-HOUR AVERAGE OF 24.47 Million.
- Strong Resistance Establissed AROUND $ 0.395 Level During Morning Selloff.
- Key Support Emerged Near $ 0.375 WHERE BUYING INTEREST MATERIALIZED.
- Price Range of $ 0.019 Representing 5% Volatility Between Peak and Trough.
- Recovery Attemps Reached $ 0.383 by 13:00 Before Encountering Selling Pressure.
- Consolidation Pattern ForMed AROUND $ 0.380- $ 0.381 Zone Suggesting New Support Level.
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Corporate Treasury Departments and Institutional Funds Drive Unprecedated Trading Volumes Amid Regulatory Uncertainty.
- HBAR SLID 5% BETWEEN SEPT. 14–15, Droping from $ 0.24 to $ 0.23 Amid Concentrated Corporate Selling.
- Institutional Volumes Spiked to 126.38 Million Tokens on Sept. 15, Nearly Triple Typical Activity, Signaling Large-Scale Portfolio Rebalancing.
- Recovery attempts Falted, with Buyers Testing $ 0.24 Resistance Before Retreating, Leaving $ 0.23 As The Key Support Level.
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