XLM Suffers Massive Sell-Off on Heavy Volume Spike

Stellar’s XLM plunged 8% between Oct. 13 and Oct. 14, sliding from $0.36 to $0.33 amid a surge in trading volume to 63.1 million tokens — well above the 24-hour average of 36.85 million. The selloff intensified after the token broke key support at $0.34 during early Oct. 14 trading, triggering heavy liquidation and pushing prices to a new local low of $0.32.

The sharp decline showed clear capitulation signs, with high-volume selling hinting at potential oversold conditions. XLM briefly rebounded in the final hour of trading, rising 0.4% from $0.32 to $0.33 as institutional buyers appeared to accumulate at discounted levels.

Trading activity froze after 14:05, suggesting market consolidation near the $0.33 resistance zone. The volatility underscores broader crypto market uncertainty, with Bitcoin dominance steady near 58%. Despite the turmoil, some analysts remain bullish long term, forecasting a potential rally toward $1.44 by the end of 2025 based on Elliott Wave patterns.

Technical Signals Flash Market Stress

• XLM breaks critical $0.34 support during Oct 14 04:00 session with 48.03 million volume exceeding 24-hour average.
• Capitulation selling emerges at $0.32 low as volume surges to 63.10 million tokens during Oct 14 13:00 session.
• Exceptional volatility posts 2% intraday range with sharp reversal patterns signaling potential oversold conditions.
• Institutional accumulation signals flash during 13:46-13:47 sessions with extraordinary 2.67-3.68 million token volume.
• Trading activity ceases completely from 14:05 onwards with zero volume indicating market consolidation phase.

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