Saad Ullah
Stellar (XLM), one of the well-known altcoins in the crypto market, has faced increased volatility in recent trading sessions. As broader market sentiment remains shaky, XLM became the latest token to experience significant downside pressure. The token’s decline has been closely tied to institutional sell-offs, which added to bearish momentum and pushed prices toward critical support levels. Technical indicators now suggest that Stellar is approaching a decisive moment, where holding or losing support at $0.41 could shape its short-term trajectory.
XLM Price Under Pressure After Institutional Sell-Off
Stellar’s XLM token faced a sharp decline of nearly 6% in under 24 hours as strong selling pressure hit the market. The chart shows a clear bearish trend, with heavy liquidations pushing the price down to $0.414. The $0.42 level has now turned into strong resistance, preventing buyers from regaining momentum.
The recent correction highlights the fragility of current market sentiment, as larger players continue to reduce exposure to altcoins. Trading volume of 228.6M confirms that selling activity has dominated the session.
XLM Price Struggles to Hold Support Around $0.41
The hourly candlestick chart indicates consistent downward pressure, with multiple red candles dominating today’s trading. XLM is now consolidating near the $0.41 support zone, and any breakdown below could open the way to the psychological $0.40 level.
Despite short-lived rebounds during the session, bulls failed to sustain upward momentum. To regain strength, Stellar (XLM) must overcome the $0.42 resistance — a level that could signal the start of a recovery toward $0.43–$0.45 if broken.
Outlook for Stellar (XLM) Price
Market analysts note that XLM remains vulnerable in the short term due to ongoing institutional selling and weak demand from retail investors. Unless the buying side steps in, the bearish momentum could continue.
However, long-term traders still see potential in Stellar’s fundamentals, especially if broader market conditions improve. For now, traders will be closely watching the $0.41 support zone, as holding this level could determine whether XLM stabilizes or slides further.
Saad Ullah
