XLM Consolidates After Volatile Session Tests Key Support
XLM experienced a volatile trading session, ending with a slight decline from $0.2705 to $0.2702 while maintaining a narrow trading range. Notably, a surge in volume at 12:00 UTC saw 45 million tokens traded, significantly surpassing the average of 25.4 million, indicating strong institutional buying during the price resistance at $0.2777. Solid support was confirmed at $0.2663, framing future trading strategies. Institutional flows shifted market dynamics, with accumulation patterns noted in two key timeframes leading to the session’s turning point. Upcoming targets include a movement back towards $0.2720-$0.2730 with the prime resistance at $0.2777. Continued institutional activity will be pivotal in determining XLM's next price movements.
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