XLM Falls Below $0.40 Amid Institutional Repositioning
Stellar’s XLM dropped 3.58% to $0.39 on heavy institutional selling, breaking key $0.40 support. Volumes exceeded the 24-hour average of 22.33 million tokens.
Despite the pullback, XLM gained 0.05% in the final hour as buyers stepped in. Technical analysts note lower highs forming and resistance consolidating near $0.40.
Institutional adoption remains strong, with Centrifuge, Mercado Bitcoin, and PayPal expanding initiatives on Stellar’s network.
