Stellar’s XLM Rises Above $0.39 Amid Institutional Accumulation

XLM experienced a strong recovery after overnight selling pressure, climbing above $0.39 during European trading hours on Tuesday. Initially, XLM fell from $0.39 to $0.38 between 2 a.m. and 4 a.m. UTC, marking the session's steepest decline.

Elevated trading activity around $0.38 indicated strong demand, establishing it as a key support area.
The rebound gained momentum with the opening of European markets, suggesting institutional interest at discounted prices.
During a 24-hour period, XLM oscillated within a narrow $0.38–$0.39 band, reflecting resilience amid broader market volatility.
Intraday trading showed a brief test of $0.39 before slipping back, indicating a tug-of-war between bulls and bears.
XLM closed near $0.39, maintaining a bullish structure heading into the U.S. session.

XLM/USD (TradingView)

Technical Indicators

2% volatility differential observed between $0.38 to $0.39 during the assessment period.
Significant decline from $0.39 to $0.38 was the period's most pronounced bearish sentiment.
High volume participation at $0.38 established critical demand confluence.
Recovery momentum accelerated beyond $0.39 in European trading.
Institutional accumulation likely around the $0.38 support level.
Ascending lows suggest underlying bullish conviction.
Mid-session volatility tested critical support infrastructure.