Stellar Faces Renewed Selling Pressure as XLM Reverses From Key Resistance

Stellar (XLM) extended its recent slide on Tuesday, falling 2.2% from $0.2789 to $0.2727 as resistance at $0.2815 once again capped upside momentum. The token traded within a $0.0124 range, reflecting 4.5% intraday volatility, while a series of lower highs confirmed the prevailing bearish bias. Support remains near $0.2709, bolstered by repeated tests of the psychological $0.27 level.

Trading volume spiked to 42.6 million tokens at the $0.2815 resistance zone, a 62% jump above the 24-hour moving average. The surge coincided with institutional selling pressure that rejected further gains and signaled a potential distribution phase. This combination of rising volume and price rejection reinforced the dominance of sellers and underscored waning bullish conviction.

On the 60-minute chart, a brief recovery attempt between $0.2720 and $0.2755 during early afternoon trading gave way to a sharp reversal minutes later. The failed breakout triggered a swift drop to $0.2724, accompanied by more than 1 million tokens in sell-side volume within a three-minute window. The pattern confirmed a false breakout scenario and the continuation of the broader downtrend.

As trading momentum faded into the close, overall volume contracted to just 18% of the session average, highlighting depleted buying interest. Without a fresh catalyst or a volume-backed breakout above $0.2815, XLM remains vulnerable to further downside pressure, with short-term traders eyeing the $0.2709 support level as the next key test.

XLM/USD (TradingView)

Support/Resistance Analysis:

• Primary resistance is at $0.2815 with volume-confirmed seller interest.
• Support zone holds around $0.2709–$0.2720 after multiple successful tests.
• The psychological $0.27 level provides a temporary floor amid session volatility.

Volume Analysis:

• Peak trading of 42.6M tokens marked the resistance rejection point.
• Heavy selling pressure topped 1M tokens during the afternoon reversal.
• Volume collapse to 18% of average confirms momentum deceleration.

Chart Patterns:

• A downtrend is established through consecutive lower highs formation.
• A false breakout pattern was completed within a 60-minute timeframe.
• A reversal candle confirms institutional distribution at resistance.

Targets & Risk Management:

• Immediate support target sits at the $0.2720 zone based on recent action.
• A break below $0.2709 accelerates the decline toward the next technical level.
• Resistance remains firm at $0.2815 until a volume-backed breakout emerges.

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