XLM News: Token Slips 0.2% to $0.2944 as Traders Exhibit Uncertainty

XLM has slipped 0.2% to $0.2944 amid uncertain trading conditions, following a significant volume spike that broke key support at $0.2845. The token traded within a tight range of $0.2810 to $0.2950 after a dramatic decline on November 11 when heavy selling saw a surge to 36.08 million tokens, 47% above its 24-hour average. By November 12, XLM showed a minor 5% movement, highlighting trader indecision. Despite the pressure, recent data suggests a potential bullish reversal near the $0.2950 resistance level. The stability of the base around $0.2810 is critical for any upward movement towards the next resistance zone of $0.2960-$0.2970. The market remains cautious as technical factors dominate due to a lack of significant Stellar-specific catalysts.

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