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Stellar’s XLM Holds Steady at $0.2975 as Weak Volume Caps Rebound Momentum

Stellar’s XLM has remained steady at $0.2975 after experiencing a volatile trading session, underperforming compared to the wider crypto market. The asset fell 3.53% despite a recovery attempt following a drop to $0.2952. The trading volume was 21% below its 30-day average, indicating a lack of strong market conviction, primarily influenced by retail traders rather than institutional support. Analysts note that critical support is set at $0.2950, with resistance levels at $0.3000-$0.3050 that require higher institutional participation for a breakout. The session witnessed a significant rise in volume at reversal points, but overall trading activity remains muted. A V-shaped recovery suggests possible accumulation near support, although a definitive continuation toward higher resistance levels needs stronger volume validation.

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