XLM News: Token Slips 0.2% as Traders Exhibit Uncertainty
Stellar’s XLM token slid 0.2% to $0.2944 as it traded within a narrow range following a significant selling wave that breached a key support level of $0.2845. In the 24-hour period, XLM experienced a minimal drop from $0.2949 to $0.2944, showing market uncertainty. This drop coincided with a surge in trading volume to 36.08 million tokens, marking a 47% increase over the 24-hour average. Consequently, the price dipped to around $0.2810 before stabilizing. With few fundamental drivers for movement, traders are turning to technical indicators, focusing on potential accumulation in the $0.2949 area and hoping for a rebound toward the $0.2960–$0.2970 resistance cluster. The results of these technical levels will heavily influence XLM's future trajectory, particularly if the $0.2810 support can hold during consolidation phases.
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