XLM Slips 3.2% to $0.25 as Altcoin Purge Continues

Stellar (XLM) slipped 3.2% on Tuesday, falling from $0.2577 to $0.2495 as altcoins broadly consolidated and momentum cooled. The token briefly tapped resistance at $0.2558 on unusually heavy volume—87% above its 24-hour average—before sellers regained control.

Short-term charts show stabilizing conditions, with XLM forming a clear intraday base at $0.248 before rebounding to reclaim the $0.250 psychological level. Hourly volume spikes near 1 million tokens signaled renewed accumulation, while a series of higher lows pointed to improving momentum despite broader market softness.

Traders are now watching the $0.248–$0.250 band, which has emerged as a key pivot zone amid sector-wide consolidation.

A firm defense of support, alongside XLM’s ability to maintain an $8 billion market cap, underscores steady demand for its cross-border payments utility—even as altcoins across the DeFi landscape continue to face pressure.

Key Technical Levels Signal Range-Bound Action for XLM

Support/Resistance:

• Primary support holds at $0.248 with secondary floor at $0.2452.
• Key resistance remains at $0.2558 with $0.250 psychological level reclaimed.
• Trading range between $0.248-$0.2577 defines near-term boundaries.

Volume Analysis:

• Exceptional selling volume of 65.4M confirmed strong resistance rejection.
• Accumulation spikes of 988K and 871K validated support zone buying.
• Volume drop to 2.5M in final hours suggests selling exhaustion.

Chart Patterns:

• V-shaped recovery from $0.248 low shows strong support demand.
• Three distinct rejection phases confirmed bearish momentum structure.
• Higher lows from $0.248 to $0.249 indicate potential reversal setup.

Targets & Risk/Reward:

• Next resistance target at $0.2558 with breakout potential toward $0.2577.
• Downside risk limited by $0.248 support, stop-loss below $0.2452.
• Current $0.250 level offers favorable risk/reward for long positions.

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