Xlm Consolidates After Sharp Decline, Testing Key Support Levels

What Happened

Critical support zone established around $0.36 psychological level.

Consolidation pattern formation above $0.37 support zone.

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Market Context

Stellar’s native token XLM weathered intense volatility over the past 24 hours, plunging to key support levels before staging a robust rebound. The moves, marked by unusually heavy institutional trading activity, underscored the market’s focus on the $0.36–$0.37 support zone as traders weigh the prospects of a breakout toward higher targets.

During the Asian trading session, XLM plummeted to $0.36 on volumes surging above 40 million—more than double the 24-hour average—solidifying this price area as a critical high-volume support. The sell-off was quickly absorbed, with the token climbing back toward $0.37, a sign that institutional players may be accumulating positions at discounted levels.

The final hour of trading on Sept. 24 was especially turbulent. XLM slipped sharply to $0.368 at 13:37 before recovering back to session highs of $0.369 by 14:10. Volume spikes at 13:37 (1.27 million), 13:58 (1.19 million), and 13:59 (1.58 million) highlighted significant institutional flows driving the intraday swings.

Price range of $0.01 representing 4 per cent volatility indicates active trading interest.

Elevated-volume support test at $0.36 level with 40.69 million in trading volume.

Recovery towards $0.37 during Asian trading hours suggests institutional buying.

Volume spikes during final hour indicate significant institutional activity.