Stellar (XLM) Soars on Massive Volume Spike Before Dramatic Intraday Pullback

XLM rockets upward on unprecedented trading volume—then gets hit with a brutal reality check.

The Pump: What Drove the Frenzy

Traders piled into Stellar as volume exploded, pushing prices toward recent highs. Momentum traders jumped in, FOMO kicked in, and for a few hours, it felt like the good old days.

The Reversal: When Gravity Kicked Back

Then came the sell-off. Sharp, fast, and utterly predictable—because in crypto, what goes up must come down, usually before lunch. The classic pump-and-dump playbook, now with extra volatility.

Same story, different token—another day, another 'narrative' for bagholders to explain at parties.

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.