.png)
3 hours ago
1
XLM plunged below critical $0.2800 support amid a 483% volume surge, reinforcing its short-term downtrend and exposing the next downside target near $0.2700.
Updated Nov 4, 2025, 4:42 p.m. Published Nov 4, 2025, 4:42 p.m.
Stellar’s XLM extended its decline over the past 24 hours, sliding from $0.2945 to $0.2728 in a sharp 7.7% drop that reinforced a clear downtrend.
The cryptocurrency spent the session forming lower highs and lower lows within a $0.0227 trading range, as sustained selling pressure dominated market sentiment.
The most significant move came on Nov. 3, when XLM broke below its crucial $0.2800 support level.
The breakdown triggered a surge in trading activity, with volume spiking 483% above the 24-hour average to 262.9 million tokens. The heavy selling continued into the next session, marking $0.2857 as firm resistance after multiple failed attempts to rally.
By Nov. 4, new short-term support had emerged near $0.2720, though buyers struggled to defend it. Price briefly rebounded to $0.2740 before faltering again on low momentum and shrinking volume — just 638,000 tokens were traded during the bounce attempt.
With no clear fundamental catalysts in play, XLM’s action remains technically driven. The inability to hold above $0.2740 signals continued weakness, and traders now eye the psychological $0.2700 level as the next potential downside target.
XLM/USD (TradingView)
Key Technical Levels Signal Bearish Continuation for XLM
Support / Resistance Analysis
- Immediate resistance at $0.2857, confirmed by multiple failed tests showing seller dominance.
- Breakdown of key support at $0.2800 triggered accelerated selling on November 3rd.
- Current support zone between $0.2720–$0.2740 shows signs of weakness.
- Next downside target sits at the psychological $0.2700 level.
Volume Analysis
- 483% volume surge above the 24-hour SMA during the breakdown.
- Peak volume of 262.9M tokens occurred during the $0.2800 support failure.
- Recent bounce attempt showed diminishing volume (638K), indicating weak buying interest.
Chart Patterns
- Established downtrend with lower highs and lower lows.
- Failed bounce from $0.2722 lows confirms ongoing bearish momentum.
- $0.0227 trading range highlights elevated volatility and persistent selling pressure.
Risk / Reward Assessment
- Bearish bias remains intact while price stays below $0.2800.
- Short-term traders targeting a move down to $0.2700.
- Recovery scenario requires a reclaim of $0.2740 support with volume confirmation.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Mais para você
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
O que saber:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
Mais para você
Bitcoin Treasury Firm Bubble Comes Full Circle as Sequans Unloads BTC to Cut Debt
Sequans sold 970 Bitcoin to redeem half of its convertible debt, reducing total liabilities from $189 million to $94.5 million.
O que saber:
- Sequans Communications sold 970 Bitcoin to retire half of its convertible debt to $94.5 million.
- The company appeared to be the first of the pure-play bitcoin treasury firms to actually sell some its holdings.
- Sequans is part of a growing list of BTC treasury names seeing their market capitalizations trading well beneath the value of their bitcoin holdings.
