Based on BitJie, on Tuesday, Stellar's XLM token dropped 1.6% to 0.2451 USD from 0.2491 USD, breaking below the key support level of 0.2520 USD. The token has been in a downward trend since its recent high of 0.2602 USD. A sharp increase in trading volume of 36.3 million XLM at 5 AM, 78% higher than the 24-hour average, confirmed the breakdown. The price fell further to 0.2453 USD within an hour, with two major sell waves pushing the price below 0.2470 USD and 0.2460 USD. Volume spikes of 1.71 million and 1.69 million tokens in a one-minute window, eight times the normal level, indicated potential institutional selling. Key support is now at 0.2449 USD, while resistance remains at 0.2600 USD.
Stellar's XLM Token Falls Below 0.25 USD Support Level
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