Stellar’s Lumens (XLM) Shows Intraday Volatility
Stellar’s native token, Lumens (XLM), experienced significant intraday volatility in the past 24 hours, with prices shifting between $0.38 and $0.39 — a movement of 3%. Following a decline from $0.39 to $0.38 on the evening of Aug. 27, XLM discovered robust support at the lower threshold, where trading volumes exceeded the daily average of 25.4 million.
This bounce created the opportunity for a gradual recovery during the overnight sessions, enabling the asset to regain resistance at $0.38 and close near session highs. Market analysts view this movement as indicative of renewed institutional accumulation, suggesting a potential recovery path.
The increase in trading activity points to what industry observers consider a growing confidence among corporate treasurers looking for quicker, more cost-effective settlement solutions. Data indicates that institutional trading in Stellar has surged by 39% above the average, underscoring its attractiveness as companies deal with increasingly complex global commerce.
The final trading hour on Aug. 28 showcased this momentum, as XLM rose from $0.38 to $0.39 in less than an hour. Analysts remark that this upward move aligned with increased interest from corporate treasury departments exploring decentralized settlement protocols.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards.
