XLM Slips 3.2% to $0.250 as Altcoin Purge Continues
XLM fell 3.2% to $0.2495 from $0.2577 within 24 hours, with an intraday price range of about 6.1%. Volume rose 87% above the 24-hour average, reaching 65.4 million tokens, signaling resistance near $0.2558. The price formed a base around $0.248 before rebounding to reclaim the $0.250 level, indicating renewed buying interest. Hourly volume spiked near 1 million tokens, and higher lows from $0.248 to $0.249 suggest accumulation is underway.
The near-term trading range is defined between $0.248 and $0.2577, with primary support at $0.248 and secondary support at $0.2452. Resistance is seen at $0.2558, which is the next target, potentially moving toward $0.2577 if momentum continues. Downside risk appears limited by the $0.248 support level, with stop-loss positioned below $0.2452.
XLM's market capitalization remains stable around $8 billion, reflecting steady demand for cross-border payment solutions despite broader pressure on altcoins.
