Stellar Drops 2.2% to $0.2727 as Key Resistance Rejects Rally

Stellar (XLM) dropped 2.2%, falling from $0.2789 to $0.2727 as it faced significant selling pressure at the $0.2815 resistance level, indicating a bearish trend. The trading volume surged to 42.6 million tokens, a 62% increase above the average, coinciding with institutional selling rejection of a potential breakout. The decline reflected a series of lower-high formations, emphasizing the existing downtrend. Traders identified $0.2709 as a critical support level, with a potential breakdown opening doors for further downturns. Volume analysis showed that during a failed recovery attempt, over one million tokens were sold within minutes, reinforcing sellers' dominance. The overall momentum decreased significantly as the session closed, confirming bearish sentiment without signs of new bullish catalysts. Resistance at $0.2815 remains strong until a decisive, volume-driven breakout occurs, while the next immediate support target is set around $0.2720, closely monitored as market dynamics evolve.

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