XLM Surges 6% Amid Market Recovery Following Volatility
- Stellar’s XLM increased by 6% in the last 24 hours, closing at $0.35.
- The asset traded within a range of $0.33 to $0.35, briefly dipping to $0.34.
- A surge of 15 million tokens was traded during a three-minute rally, indicating strong institutional buying.
- Key support is noted at the $0.34-$0.34 level, while resistance builds at $0.35-$0.35.
- Trading volume averaged 37.5 million tokens, reflecting significant market activity.
XLM’s recent performance highlights a recovery trend across major crypto assets following October’s selloff, with analysts noting that wave-4 support remains intact despite macroeconomic challenges.
With XLM closing at $0.35 and showing consistent buying interest, the cryptocurrency appears set for potential further gains in the near term as buyers remain active around key support levels.
