Stellar Faces Heavy Liquidations as XLM Breaks Key Support at $0.380

Stellar’s native token, XLM, came under significant selling pressure over the past 24 hours, sliding from a session high of $0.398 to a low of $0.380. The 5% intraday swing was driven by sharp institutional liquidations, with the heaviest sell-off occurring on Aug. 25 at 19:00 UTC, when prices fell from $0.393 to $0.387 alongside volumes of 46.16 million tokens. That level now stands as a strong resistance barrier.

The pressure intensified an hour later as XLM tested the $0.380 support level, with trading volume surging to 95.27 million tokens — more than double its daily average. Buyers defended the level, allowing the token to rebound into the close and finish at $0.389, highlighting the importance of $0.380 as a critical floor for bulls.

ETF narrative provides backdrop
Market sentiment is being shaped by broader developments, including a newly filed U.S.-based crypto ETF that includes Stellar among its allocations. If approved, the product could channel additional institutional flows into the ecosystem. At the same time, XLM remains technically capped by resistance near $0.50, with traders watching for a potential breakout should momentum turn.

Intraday dynamics
On Aug. 26, between 07:20 and 08:19 UTC, XLM traded within a narrow band between $0.387 and $0.392, posting a modest 0.18% intraday gain. While bursts of buying briefly lifted prices to $0.392, profit-taking capped further advances. Daily volumes climbed 115% to $402 million, underscoring the tug-of-war between heavy selling pressure and potential whale accumulation.

Technical snapshot

• Resistance: $0.393, confirmed by high-volume rejection.
• Support: $0.380, validated by record trading activity.
• Range: 5% volatility zone between $0.398 and $0.380.
• Momentum: Short-term recovery to $0.389, though broader trend remains pressured.

With institutional liquidations clashing against whale accumulation, Stellar’s next move hinges on whether the $0.380 floor can continue to hold.