XLM steadies after a sharp 5.5% sell-off, with traders watching the $0.277 level as the critical line between recovery and renewed downside pressure
Stellar (XLM/USDT) is holding steady around $0.282 after a volatile trading session that saw the cryptocurrency briefly dip to $0.277, testing a major support level visible on the daily chart. Despite the recent 5.5% decline, buying activity has re-emerged within this zone, hinting that market participants are attempting to stabilize the price.
Technical data shows that Stellar has been navigating a complex structure since breaking out of its descending channel earlier in 2025. The breakout initially triggered a surge toward the $0.45–$0.50 resistance area, but momentum faded in recent months, leading to a gradual retracement back toward the green support band between $0.27 and $0.30.
“The $0.277 region has historical importance,” BitXJournal technical strategist commented. “It’s the same level where XLM previously reversed in early 2025, so defending it again could signal the formation of a double bottom structure.”
The broader support range between $0.22 and $0.25 remains the final defense should the current level fail. Above, the nearest resistance zone lies between $0.33 and $0.36, while stronger resistance sits near $0.45, where repeated rejections have capped rallies throughout 2025.
Volume data shows moderate inflows, with roughly 5.5 million XLM traded during the past 24 hours, reflecting steady but cautious participation. BitXJournal Analysts note that this type of volume stabilization often precedes a consolidation phase before either a significant rebound or a breakdown.
If Stellar holds above $0.277 on the daily close, the likelihood of a rebound toward $0.33 increases sharply. However, a close below this mark could open the door to a deeper test of the $0.25 level.
As of early November 2025, Stellar’s technical posture remains neutral-to-bullish, contingent on sustained support above $0.277. Traders now watch closely to see whether bulls can reclaim short-term control and ignite another leg higher into year-end.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.