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Stellar’s XLM Surges on Volume Explosion Before Sharp Intraday Reversal

Stellar’s XLM Surges on Volume Explosion Before Sharp Intraday Reversal

Author:
CoindeskEN
Published:
2025-09-16 15:53:42
11
1

XLM rockets on massive volume spike—then gets slammed back to earth in brutal intraday reversal.

The Pump and The Pain

Traders watched Stellar's native token explode on unprecedented trading volume, only to witness gains evaporate faster than a meme coin's utility. The rally built momentum through the morning session as buy orders flooded the books, pushing XLM to intraday highs that had bulls cheering.

Then came the reversal—sharp, sudden, and utterly predictable to anyone who's seen this movie before. Price action sliced through support levels like a hot knife through butter, leaving late buyers holding bags heavier than a central banker's conscience.

Volume tells the real story here—surge and reversal both accompanied by massive trading activity, proving once again that in crypto, more liquidity just means more efficient ways to separate fools from their money.

XLM/USD (TradingView)

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.

Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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