Saad Ullah
Stellar (XLM) token got hammered with a 3% drop as big players unloaded their bags, though some brave souls tried catching the falling knife.
XLM Price Gets Wrecked by Whale Selling Spree
Stellar's XLM token had a rough day, getting smashed 3% as the big money decided to hit the exit button. The price slid from $0.39 to $0.38 between September 14 at 15:00 and September 15 at 14:00, with trading going absolutely nuts at 101.32 million—almost three times the usual action.
Things got really ugly during the morning hours when XLM took a nosedive from $0.395 to $0.376 in just two hours. That $0.395 level turned into a brick wall for any buyers trying to push higher, while $0.375 became the last line of defense where some bargain hunters finally showed up.
Despite all the carnage, there were a few moments where XLM tried to fight back. Between 13:15 and 14:14, the token made a quick recovery run from $0.378 to $0.383, with volume spiking as traders scrambled to get in on what looked like a bounce. But the sellers weren't having it, and the rally got squashed pretty quick.
Stellar (XLM) Price Finds Some Relief After Brutal Selloff
Even though the bears were in control, that $0.375 level proved to be pretty solid when the selling got intense. Some smart money stepped in during the worst of it, probably thinking these prices were too good to pass up. Now we've got this $0.380-$0.381 zone where things seem to be cooling off a bit.
The whole $0.375–$0.395 range has become the main battleground where XLM's fate will be decided. If the institutional selling keeps up, we could see another leg down. But if those whale sellers take a break, there might be room for a proper bounce from these levels.
What XLM Price Watchers Need to Know Right Now
Here's the deal with XLM's key levels: that $0.395 resistance isn't budging, and it's going to take some serious buying power to break through. On the flip side, $0.375 has proven it can handle the selling pressure when things get really messy.
The volume story is pretty wild too - 101.32 million units during the 08:00 hour shows just how intense this selloff was. That's nearly triple the normal daily average, which means the big players were definitely moving serious money around.
XLM is stuck in this $0.375–$0.395 box right now, and whichever way it breaks out will probably set the tone for what's coming next.
Saad Ullah
