Stellar News Today: Stellar’s XLM Encounters Key Battle Between Bulls and Bears at the $0.2540 Resistance Level
- Stellar's XLM surged 3.53% to $0.2508 on Tuesday amid 23% above-average trading volume, testing key $0.2540 resistance. - Late selling pressure triggered a 1.1% correction to $0.2449, with 2.8 million tokens sold as volatility reached 5% intraday swings. - TVL hit $169.3M record, aligning with XLM's 10% two-day rally near critical technical levels and Fibonacci retracement targets. - Technical indicators show mixed signals: bullish RSI/MACD vs. bearish risks below $0.256, with 70.4M tokens traded overnig
Stellar's
During overnight trading,
Optimism among bulls was fueled by
Technical analysis further backs the bullish outlook, as the Relative Strength Index (RSI) is moving upward toward neutral, and there was
With fundamental news relatively subdued, market watchers are focused on whether XLM can reclaim $0.2540 or if it will revisit support at $0.2420. The direction of the next move will likely hinge on trading volume and institutional involvement, which could shape the upcoming trend in Stellar’s price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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