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XLM Slips 3.2% to $0.250 as Altcoin Purge Continues

Stellar (XLM) experienced a 3.2% drop, falling from $0.2577 to $0.2495, amidst a broader market consolidation. Heavy trading volume of 65.4 million confirmed resistance at $0.2558, as sellers regained control after a brief resistance test. A technical bounce from $0.248 suggests ongoing buying interest, with XLM stabilizing and forming higher lows despite weak momentum across altcoins. Traders are focused on the $0.248-$0.250 range as a key pivot amid consolidation. The $0.248 support level appears to be defended well, maintaining XLM's $8 billion market cap and indicating steady demand for its cross-border payment capabilities. Future resistance levels are set at $0.2558, with a target towards $0.2577, while downside risks remain limited by the support at $0.248.

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Bitcoin recovery expected as liquidity conditions change, but US macro remains a threat

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Kraken Scores $800M Raise Backed by $200M Citadel Investment

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Kraken Scores $800M Raise Backed by $200M Citadel Investment

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