Stellar’s Midnight Meltdown: XLM Tanks 6% Despite Rain Integration—Traders Left Soaked

Stellar’s XLM took a nosedive overnight, shedding 6% of its value on heavy trading volume—proof that even ’strategic partnerships’ can’t always defy gravity.

Rain or shine, crypto markets play by their own rules. The integration with Rain—a move that should’ve been bullish—got drowned out by sell-side pressure. So much for ’fundamentals.’

Another day, another reminder: in crypto, ’adoption’ is just a fancy word for ’bagholder recruitment program.’

Technical Analysis

• XLM-USD experienced a significant 7% decline over 24 hours, dropping from 0.288 to 0.271.
• An exceptionally high selling volume of 76.9M occurred at midnight (00:00), establishing strong resistance at 0.280.
• Support emerged around 0.270-0.271, with substantial buying volume (74.7M) during the 01:00 hour.
• Price formed a critical support zone at 0.270-0.271 that was tested multiple times with high volume.
• A temporary recovery began at 09:43, forming an ascending channel pattern before selling pressure returned.
• The final hour showed volatile trading, with prices dropping to 0.270 before recovering slightly to 0.273, then falling back to 0.271 on high volume (2.24M).