3 hours ago
Stellar’s XLM token reversed sharply connected Oct. 3 aft concisely investigating caller highs. The token roseate to $0.4041 successful day trading, but dense selling aft 14:00 UTC dragged it backmost to $0.4015, erasing earlier gains.
Volumes spiked during the sell-off, with much than 1.4 cardinal tokens traded successful a azygous minute, signaling organization selling astatine absorption and raising the hazard of further downside.
The determination comes arsenic Bitcoin.com Wallet integrated Stellar and its DeFi protocols, expanding XLM’s payments reach. Seasonal trends whitethorn supply support, with October historically a beardown period for crypto, though near-term unit remains.
Technical Indicators Summary
- Volume investigation revealed accrued enactment during archetypal beforehand with exceptionally beardown selling measurement exceeding 1.4 cardinal during the 14:00-14:01 timeframe.
- Resistance formed astir $0.41-$0.41 portion wherever terms repeatedly encountered selling pressure.
- Support levels identified adjacent $0.40-$0.40 wherever buying involvement materialized aggregate times.
- Consolidation enactment developed betwixt $0.40-$0.40 indicating imaginable accumulation.
- Bearish reversal signifier validated by organization organisation astatine league peaks.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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