Stellar Faces Heavy Selling as Institutional Liquidations Hit
Stellar (XLM) is under severe selling pressure after breaking below the critical $0.380 support level, a move that coincided with a sharp rise in trading volume. Data from the last 24 hours shows volume more than doubling, signaling aggressive institutional liquidation and panic selling across markets.
On the 4-hour chart, XLM fell below the green support zone at $0.380, a level that has historically acted as a strong base for rebounds. The breakdown exposes the token to the next support near $0.365, with deeper downside risk extending toward $0.340 if selling momentum continues.
The recent rejection from the $0.420–$0.430 resistance band triggered the latest decline. The failure to hold above $0.380 now turns this zone into immediate resistance, making it difficult for Stellar to stage a quick recovery without renewed buying demand.
“Breaking below $0.380 with volume spiking is a clear bearish signal,” According to BITX market analyst. “This level was a line in the sand for bulls, and losing it opens the door to further declines unless buyers quickly step in.”
The sharp sell-off highlights broader uncertainty in altcoins, as liquidity-driven moves amplify volatility. While Stellar has previously shown resilience near lower supports, the speed of this breakdown suggests market sentiment remains fragile.
For now, XLM needs to reclaim the $0.380 level to ease bearish pressure. Failure to do so could accelerate the decline toward mid-$0.30 levels, leaving investors on edge as the market awaits confirmation of a new support base.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.