XLM Jumps 4.3% Amid Volatile Trading Session
XLM experienced notable volatility, fluctuating 4.3% within a $0.017 range, from $0.379 to $0.396 over the last 24 hours. Notable price movement began at midnight on September 11, climbing to a peak of $0.396 by mid-morning.
- Significant volume increase: Trading volume spiked by 112 million units at noon, indicating heightened market activity.
- Resistance levels: The token faced strong resistance between $0.394 and $0.396, causing a price fallback to $0.387.
- Support levels: Emerging support identified in the $0.379-$0.381 range with consistent accumulation.
- Intraday price behavior: During a short period, XLM fluctuated narrowly between $0.386 and $0.389, failing to sustain above $0.389.
Overall, while there is interest and participation as seen in high volume, resistance persists, impacting sustained upward movement. Traders are watching whether XLM can turn $0.389 into a support level or if it will retest the $0.379-$0.381 support base.
