XLM Surges 5% Before Dramatic Final-Hour Collapse

Stellar’s XLM token demonstrated impressive resilience over the past 24 hours, climbing from $0.36 to a session peak of $0.37 before retracing to end at $0.36. The move represented a 5% intraday range, underscored by heavy trading activity that pointed to heightened market participation. Notably, the asset found solid footing at $0.35 during the September 4 evening session, with buying momentum confirmed by volumes exceeding 16.9 million ￰0￱ breakout above $0.36 resistance arrived on surging activity, with volumes spiking to 28.03 million at 07:00 and a staggering 82.75 million at midday on September ￰1￱ influx of demand propelled XLM to its daily high of $0.37, marking a decisive test of bullish strength.

However, a sharp reversal in the final trading hour wiped out those gains, as sellers drove the price back to the $0.36 ￰2￱ the late-session pullback, XLM closed the period 1% above its opening value, maintaining a broadly bullish technical ￰3￱ move fits into a broader trend: Stellar has posted a striking 288% gain over the past year, drawing institutional interest as Protocol 23 upgrades and cross-border payment solutions bolster its long-term ￰4￱ said, the competitive landscape remains ￰5￱ the rise of PayFi platforms challenging Stellar’s market position, XLM faces mounting external pressures even as volumes suggest strong trader ￰6￱ now, the combination of robust support levels and elevated demand provides a constructive backdrop, though volatility is likely to remain a defining feature of near-term price ￰7￱ Indicators Show Mixed Signals Solid support foundation confirmed at $0.35 with substantial volume backing during 4 September 20:00 ￰8￱ upward breakout materialized during 5 September 07:00 and 12:00 intervals featuring exceptional volume ￰9￱ penetration at $0.36 accelerated XLM toward session peak of $0.37.

Severe final-hour reversal initiated intensive selling wave with exceptional volume ￰10￱ bullish framework maintains integrity despite pronounced closing-session pullback. 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 ￰11￱ more information, see CoinDesk's full AI Policy .