XLM integrates in a tight range after early volatility

Stellar’s XLM tokens turned sharply on October 3 after a quick test of new highs. The token rose to $0.4041 in afternoon trading, but massive sales after 14:00 UTC returned to $0.4015, expunging previous profits.

Volume surged during the sale, trading for more than a minute in one minute, and resistance signalled the sale of the facility, further increasing the risk of downsides.

This move is as the star of bitcoin.com wallet integration and its defi protocol expands to expand the scope of XLM payments. Seasonal trends could provide support, and although October has historically been a strong month for codes, short-term pressure remains.

Technical indicator overview

• Volume analysis showed increased activity during initial advancements, with an extremely strong sales volume increase of over 1.4 million over the 14:00-14:01 time frame.
• Resistance formed the $0.41-$0.41 zone where prices repeatedly encountered sales pressure.
• Support levels identified between $0.40 and $0.40 if the interest purchased has been materialized multiple times.
• Integration formations occurring between $0.40 and $0.40 indicating potential accumulation.
• Bearish reversal patterns verified by institutional distribution during session peak.

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