Stellar’s XLM Soars on Massive Volume Spike Before Sharp Intraday Reversal
XLM rockets upward on explosive trading volume—only to face a brutal midday pullback that left traders scrambling.
The Volume Surge That Started It All
Trading activity for Stellar’s native token went through the roof, driving a sharp price climb in early hours. Momentum built fast—then came the turnaround.
A Reversal That Stung
Gains evaporated almost as quickly as they appeared. The intraday drop was swift, shaking out over-leveraged positions and reminding everyone that in crypto, what goes up fast can come down faster.
Just another day in the wild world of digital assets—where volatility isn’t a bug, it’s the main feature. And if you thought traditional markets were irrational, try reading a crypto chart after three coffees.
Technical Indicators Show Mixed Signals
- Volume spike to 70.02 million during 08:00-09:00 builds strong resistance at $0.39 level.
- Sustained heavy volume of 60.17 million through 09:00-10:00 confirms bullish momentum.
- Consolidation around $0.39 suggests this zone becomes new support after breakout.
- Final hour selling pressure on 3.6 million volume establishes new support zone around $0.39.
- Zero trading volume in final two minutes points to institutional withdrawal.
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