negative
Stellar’s XLM slips as volume surge triggers key technical support breakdown
Cryptocurrency Stellar (XLM) experienced a 3.2% decline to around $0.116 after daily volume spiked roughly 27%, causing a breach of a key technical support zone. On-chain transaction activity rose 5% week-over-week and the token’s market capitalisation remains near $3.3 billion. Trading data suggests heightened short-term speculative interest, while broader altcoin markets remain cautious amid global regulatory scrutiny and stablecoin flows.
The wider crypto market cap holds above $2.5 trillion, but technical patterns for XLM may signal further downside unless support is regained promptly.
CoinDesk• By Pooja Kumari
Explore:Mutual Fund Screening
negative
Stellar’s XLM slips as volume surge triggers key technical support breakdown
Cryptocurrency Stellar (XLM) experienced a 3.2% decline to around $0.116 after daily volume spiked roughly 27%, causing a breach of a key technical support zone. On-chain transaction activity rose 5% week-over-week and the token’s market capitalisation remains near $3.3 billion. Trading data suggests heightened short-term speculative interest, while broader altcoin markets remain cautious amid global regulatory scrutiny and stablecoin flows.
The wider crypto market cap holds above $2.5 trillion, but technical patterns for XLM may signal further downside unless support is regained promptly.
CoinDesk• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
82 words
Stellar (XLM) dropped 3.2% to $0.116 as volumes jumped 27%, breaking key support and reflecting increased caution among altcoin traders.
Cryptocurrency Stellar (XLM) experienced a 3.2% decline to around $0.116 after daily volume spiked roughly 27%, causing a breach of a key technical support zone. On-chain transaction activity rose 5% week-over-week and the token’s market capitalisation remains near $3.3 billion. Trading data suggests heightened short-term speculative interest, while broader altcoin markets remain cautious amid global regulatory scrutiny and stablecoin flows.
The wider crypto market cap holds above $2.5 trillion, but technical patterns for XLM may signal further downside unless support is regained promptly.
Cryptocurrency Stellar (XLM) experienced a 3.2% decline to around $0.116 after daily volume spiked roughly 27%, causing a breach of a key technical support zone. On-chain transaction activity rose 5% week-over-week and the token’s market capitalisation remains near $3.3 billion. Trading data suggests heightened short-term speculative interest, while broader altcoin markets remain cautious amid global regulatory scrutiny and stablecoin flows.
The wider crypto market cap holds above $2.5 trillion, but technical patterns for XLM may signal further downside unless support is regained promptly.
Companies:
Stellar Foundation
Tags:
crypto
stellar
crypto
stellar
xlm
technical analysis
altcoins