Stellar Tumbles Below Key $0.285 Support as Bears Take Over

Stellar faced selling pressure during Tuesday's session as XLM slid from $0.2846 to $0.2812. This decline coincided with the emergence of institutional distribution at higher price levels. The token's trading range reached $0.0189, reflecting 6.7% volatility, signaling uncertainty among traders about the current price levels.

The price breakdown intensified at 14:00 when trading volume spiked to 76.24 million tokens, which was a significant 115% above the 24-hour average of 35.4 million. After testing resistance around $0.290, sellers overwhelmed buyers and drove the price below the critical support zone of $0.285, undermining previous consolidation attempts.

Recent 60-minute data confirms XLM's decline from $0.289 to $0.281, marking a 2.8% drop with a pattern of lower highs and lower lows. Bearish momentum dominated key moments at 15:44 and 15:47, where volume exceeded 1.9 million as price sharply fell below the $0.285 level.

• Primary Resistance: Established at $0.294 following session highs.
• Critical Support Zone: Now situated around $0.281.
• Secondary Support Targets: Identified in the $0.278-$0.280 range.

• 24-hour Volume: Increased by 26.06%, surpassing the 7-day average during the breakdown.
• Peak Institutional Activity: Reached 76.24M shares, aligning with resistance rejection.
• Trading Patterns: A clear range of $0.281-$0.294 was established with confirmed lower highs and lower lows, highlighting a bearish momentum shift.

• Downside Target: Immediate focus on the $0.278-$0.280 support zone.
• Risk Level: Any bounce attempts face resistance near $0.285, which previously acted as support.
• Volume Confirmation: Significant moves require trading volume to exceed 2M tokens for directional sustainability.

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