XLM Experiences Intraday Gains Before Late Session Decline
- Stellar’s XLM token rose from $0.36 to a peak of $0.37, marking a 5% intraday range.
- Trading volumes surged, reaching 28.03 million tokens at 07:00 and 82.75 million at midday on September 5.
- Despite closing at $0.36, XLM ended the session 1% above its opening price.
- The asset found support at $0.35 during the evening session on September 4, with volumes over 16.9 million.
- XLM has gained an impressive 288% over the past year due to upgrades and institutional interest.
The significant trading activity indicates strong market participation, especially as XLM faced selling pressure in the final hour that reversed earlier gains.
Despite the late-session pullback, XLM’s performance reflects a robust technical structure supported by substantial trading volumes, underscoring its resilience in a competitive landscape.(Source)
