Stellar’s native token XLM weathered intense volatility over the past 24 hours, plunging to key support levels before staging a robust rebound. The moves, marked by unusually heavy institutional trading activity, underscored the market’s focus on the $0.36–$0.37 support zone as traders weigh the prospects of a breakout toward higher targets. During the Asian trading session, XLM plummeted to $0.36 on volumes surging above 40 million—more than double the 24-hour average—solidifying this price area as a critical high-volume support. The sell-off was quickly absorbed, with the token climbing back toward $0.37, a sign that institutional players may be accumulating positions at discounted levels. The final hour of trading on Sept. 24 was especially turbulent. XLM slipped sharply to $0.368 at 13:37 before recovering back to session highs of $0.369 by 14:10. Volume spikes at 13:37 (1.27 million), 13:58 (1.19 million), and 13:59 (1.58 million) highlighted significant institutional flows driving the intraday swings. Technical Indicators Signal Consolidation Pattern Price range of $0.01 representing 4 per cent volatility indicates active trading interest. Elevated-volume support test at $0.36 level with 40.69 million in trading volume. Recovery towards $0.37 during Asian trading hours suggests institutional buying. Critical support zone established around $0.36 psychological level. Volume spikes during final hour indicate significant institutional activity. Consolidation pattern formation above $0.37 support zone. 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 .
