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

Stellar's XLM token has slipped by 0.2% to $0.2944 amid range-bound trading, following a breakdown of key support at $0.2845 earlier in the session. The token has traded within a tight corridor of $0.2810 to $0.2950 after a significant selling event on November 11, which saw volume surge to 36.08 million tokens, highlighting a 47% increase over the daily average. Traders have exhibited uncertainty, resulting in a modest price movement of approximately 5%. Following the breakdown, buyers managed to stabilize prices near $0.2810. Currently, focus is shifting towards technical levels, with interest in institutional accumulation potentially signaling a move towards resistance at $0.2960-$0.2970. Key levels indicate a primary support established at $0.2810 and resistance at $0.2950, leading to a mixed outlook for future trading of XLM.

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