XLM is holding steady at 0.2975 dollars.

Current Status of XLM

XLM is trading at 0.2975 dollars, with a decrease of 3.53%. This occurs while broader crypto assets are rising.

Trading Volume is Declining

The trading volume, which is 21% below the average of the last 30 days, indicates weak confidence in the markets and shows that trading is mainly driven by retail investors.

Support and Resistance Levels

The support level for XLM is set at 0.2950 dollars, while resistance levels range between 0.3000 and 0.3050 dollars. It is noted that stronger institutional participation is necessary for the market to revive.