XLM rose 6% after the weekend decline.

Market Recovery: XLM Stands Out with 6% Daily Gains

XLM closed at $0.35 after gaining 6% in value over the last 24 hours. The asset traded between $0.33 and $0.35, briefly dropping to $0.34. However, a recovery occurred as buyers regained control. This marked a growing bullish sentiment among major crypto assets following the sell-off wave in October.

Institutional Purchase Signals

A strong institutional buying effort was observed in the last trading hour. XLM started at $0.35 and dropped to $0.34 at 13:29. A sharp three-minute rally between 13:31 and 13:33 saw prices rise back to $0.35. During this period, a total of 15 million tokens were traded. Technical analysts interpreted this movement as a sign of institutional participation.

Technical Outlook and Macro Situation

XLM's performance reflects the overall resilience of crypto despite ongoing macroeconomic winds. Analysts note that the wave-4 support has remained strong and confirmed the bullish continuation formation. Experienced investor Peter Brandt described the recent market weakness as a “temporary tremor” while reaffirming confidence in the best digital assets.

Future Expectations

The resistance level is at $0.35, where selling pressures continue, while the support level is solidifying at the same point. This creates a constricted structure. At the session close, hourly gains increased by 1% and a volume-supported accumulation was observed, raising the likelihood of XLM extending its recovery momentum in the near future.

Summary of Technical Indicators

The buying zone is becoming pronounced around the $0.34-$0.34 range, where buyers regularly step in. Resistance is concentrated at the $0.35-$0.35 levels, where selling pressure increases. Volume patterns indicate institutional participation at critical reversal points. The 24-hour average of 37.5 million tokens stands out as a reference point. Strong resistance is at the $0.35 level, where downward pressures become apparent at the session's end. Support is consolidating around $0.35, creating a narrow range over the last 30 minutes.