Stellar (XLM) slipped 1.6% on Tuesday, dropping from $0.2491 to $0.2451 as sellers took control and the token extended a series of lower highs from its recent $0.2602 peak.

The asset traded within a $0.0153 range, posting 6.2% intraday volatility. A sharp 05:00 volume spike of 36.3 million XLM — 78% above the 24-hour average — confirmed a breakdown below the key $0.2520 support level.

With no clear fundamental catalysts, traders focused on the technical picture, where the loss of $0.2520 signaled likely institutional distribution rather than retail-driven volatility.

Bearish momentum intensified on the one hour chart as XLM fell another 0.8%, sliding from $0.2478 to $0.2453. Two forceful selling waves drove the token below $0.2470 and $0.2460, with back-to-back volume surges of 1.71 million and 1.69 million tokens during the a one minute window — more than eight times typical levels.

Key Technical Levels Signal Continued Pressure for XLM

Support/Resistance Analysis:

• Immediate support holds at $0.2449 session lows.
• Strong resistance confirmed near $0.2600 level.
• Critical support breakdown completed at $0.2520.

Volume Analysis:

• 36.3 million volume spike marked 78% above daily average.
• Consecutive 1.7 million+ volume surges during breakdown.
• 8x normal volume levels confirmed institutional selling.

Chart Patterns:

• Consecutive lower highs pattern from $0.2602 peak.
• Accelerating bearish momentum through support violations.
• Two-wave selling structure dominates 60-minute chart.

Targets & Risk/Reward:

• Downside target sits at $0.2430 if momentum continues.
• Resistance builds at $0.2520 as former support flips.
• Key reversal level remains $0.2600 for recovery attempts.

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