Home > Stellar Lumens News > Stellar Trading Volume Climbs as XLM Price Takes Unexpected Turn
TL;DR
In the last 24 hours, the Stellar (XLM) asset experienced a significant increase in its trading volume, alongside a price rebound attempt following a complicated month for the market. Last month, XLM lost more than 13% amidst a bearish sentiment that enveloped the community. However, market events in the last few hours suggest a change in dynamics.
At the time of writing this note, CoinMarketCap data indicated that Stellar’s trading volume reached a 37% surge, pushing it up to $227.7 million. This jump in volume not only silenced those betting on a decline but also coincided with a reversal in XLM’s price. Stellar recorded an overall increase of 5.46% during this period and trades at $0.2537 at the time of writing, but the price sent mixed signals with an initial 2% drop from its intraday peak of $0.2625, likely due to volatility.
Stellar’s volume remains vulnerable despite its price rebound. The asset is holding below critical price levels and has failed to reclaim the $0.30 resistance mark. In fact, since November 13, XLM has been unable to reach $0.28.
The persistent bearish context negatively impacted the altcoin segment throughout the last month. Market participants hope that the current volume increase will last and lead to a sustained price ascent. However, recent history warns against premature optimism. Less than 10 days ago, similar optimism spread when XLM recorded an 8% gain but couldn’t maintain the upward momentum.
The inability to sustain previous rallies has left XLM in a defensive position. If the momentum doesn’t hold now, Stellar could slip and threaten the $0.20 support level. Only a sustained price rally will allow XLM to recover its previous market capitalization level. Proponents and the market are watching closely.
RELATED POSTS
Crypto Market Rally: BTC Peaks While Select Altcoins Deliver Double‑Digit Returns
TL;DR Bitcoin surged $10,000 to reach $94,000, its highest price in the last two weeks. Ethereum surpassed $3,000, while SUI led the rally with an
Stellar Price Surges as Analysts Spark Early December Expansion
TL;DR Stellar’s price rose 8.4% in 24 hours and reached $0.249 after a month-open marked by a sharp jump during low-liquidity sessions. The move is
Crypto Market Watch: Bitcoin Recovers From Sharp Selloff, ZEC Faces Prolonged Correction
TL;DR Bitcoin suffered a sharp correction on Monday, falling from $91,000 to a low of $83,800. The BTC price bounced back by nearly $3,000, now
Crypto’s Bleak November: Trading Volume Sinks to $1.6T, Lowest in 9 Months
TL;DR November closed with the steepest monthly decline since February in the cryptocurrency market. Exchange volumes fell to $1.59 trillion, the lowest level in nine
Bitcoin Crashes $6K Daily to $86K as Altcoins Dump Double Digits — December Outlook Looms
TL;DR: Bitcoin dropped $6K daily to $86K, triggering altcoin double-digit losses and market uncertainty. Ethereum fell 5.6% and XRP 6.5%, with liquidations amplified by major
User Growth Fuels BAT Rally: Brave Crosses 101M Users Milestone
TL;DR The BAT token price has climbed over 100% since October, nearing a new 2025 high. Brave Browser reached 101 million monthly active users, with
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Crypto Economy Newsletter
I accept the conditions and receive your newsletters.
© Crypto Economy
Privacy Policy | Publication Policy
Ethical Journalism Politic
Cookie Policy | Contest Rules | Partners | About us