XLM Rises 6% to Recover From Weekend Plunge

Market Recovery: XLM Leads with 6% Daily Gain Stellar’s XLM surged 6% over the past 24 hours, closing at $0.35 after weathering bouts of ￰0￱ asset traded within a $0.02 range between $0.33 and $0.35, briefly dipping to $0.34 before buyers regained ￰1￱ recovery underscores growing bullish sentiment across major crypto assets following October’s ￰2￱ Buying Signals The final hour of trading showcased strong institutional ￰3￱ opened at $0.35 before slipping to $0.34 by 13:29. In a sharp three-minute rally from 13:31 to 13:33, bulls propelled prices back to $0.35 on a surge of 15 million tokens traded — a move technical analysts read as a hallmark of institutional ￰4￱ Picture and Macro Context XLM’s performance mirrors broader crypto resilience despite persistent macroeconomic ￰5￱ point to wave-4 support holding firm, validating a bullish continuation ￰6￱ trader Peter Brandt reiterated confidence in top digital assets, calling recent market weakness a “temporary shakeout” within an intact ￰7￱ Resistance remains at $0.35, where selling pressure continues to emerge, while support has solidified near the same level — suggesting a coiling ￰8￱ hourly gains of 1% into session close and volume-backed accumulation, XLM appears poised to extend its recovery momentum in the near ￰9￱ Indicators Summary Key support zone emerges at $0.34-$0.34 where buyers consistently step ￰10￱ builds at $0.35-$0.35 level where selling pressure ￰11￱ patterns show institutional participation at critical inflection points, 24-hour average of 37.5 million sets ￰12￱ resistance holds at $0.35 where sellers consistently emerge in final ￰13￱ consolidates near $0.35, creating tight range in final 30-minute window.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our ￰14￱ more information, see CoinDesk's full AI Policy .