{"id":45118,"date":"2025-09-01T16:47:09","date_gmt":"2025-09-01T16:47:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45118"},"modified":"2025-09-01T16:47:09","modified_gmt":"2025-09-01T16:47:09","slug":"xlm-plunges-5-in-wild-trading-session-before-staging-sharp-recovery","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45118","title":{"rendered":"XLM Plunges 5% in Wild Trading Session Before Staging Sharp Recovery"},"content":{"rendered":"<div>\n<p>Stellar\u2019s native token XLM endured heavy selling pressure over the past 24 hours, trading in a tight but punishing 5% range between $0.34 and $0.36. The session began with relative stability before a late-evening selloff knocked the token from its $0.36 peak to $0.34. <\/p>\n<p>Trading volume surged past 57 million units at midnight as the market tested support around the $0.34\u2013$0.35 zone. Buyers stepped back in early the next morning, briefly lifting XLM back to $0.36 on the back of what appeared to be institutional accumulation, with volumes swelling to 70 million units.<\/p>\n<p>Despite the recovery, price action stalled around $0.36, creating a range-bound structure that technical traders say often precedes a directional breakout. The final hour of trading on Sept. 1 showed bearish momentum regaining control, with XLM slipping 1% as the consolidation pattern broke down. <\/p>\n<p>Intraday data highlighted an acceleration of selling pressure between 13:45 and 13:46, when more than 1.28 million tokens changed hands at the day\u2019s low. Attempts at recovery fizzled before the close, and a lack of activity in the final minute suggested trading had effectively ground to a halt.<\/p>\n<p>The token\u2019s fundamentals were also tested by exchange- and network-related developments. South Korea\u2019s Bithumb announced it will suspend XLM deposits on Sept. 3 while Stellar implements network upgrades, a temporary disruption that underscores the blockchain\u2019s transition into a critical upgrade phase this month. <\/p>\n<p>At the same time, Ripple\u2019s completion of pilot tests with banks has bolstered broader confidence in blockchain-based payment solutions, putting added pressure on Stellar to deliver competitive improvements.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/d15e882747baf00fcb550cea30241efd4b09dcf3-2726x1344.png?auto=format\" alt=\"XLM\/USD (TradingView)\" title=\"XLM\/USD (TradingView)\"><\/p>\n<h5><strong>Volume Spikes Signal Institutional Activity<\/strong><\/h5>\n<ul>\n<li>$0.02 trading range represents 5% spread between $0.34 support and $0.36 resistance during session.<\/li>\n<li>Midnight selloff generates 57 million volume spike indicating heavy institutional selling.<\/li>\n<li>Morning recovery surge hits $0.36 on 70 million volume suggesting accumulation phase.<\/li>\n<li>Resistance confirmed at $0.36 with support zone established around $0.34-$0.35.<\/li>\n<li>Final hour recovery attempts fail as bearish momentum accelerates.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong> <em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stellar\u2019s native token XLM endured heavy selling pressure over the past 24 hours, trading in a tight but punishing 5% range between $0.34 and $0.36. The session began with relative stability before a late-evening selloff knocked the token from its $0.36 peak to $0.34. Trading volume surged past 57 million units at midnight as the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45118","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45118"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45118\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}