Stellar’s XLM faces key support breakdown after volume surge signals cautious sentiment

Stellar’s native token XLM traded near $0.116, slipping 3.2% in 24 hours after heavy volume spikes triggered a technical support breach. Market data from major exchanges indicated a 27% increase in daily trading volumes, suggesting elevated speculative positioning. Analysts attribute short-term weakness to broader crypto risk aversion and stablecoin inflows into DeFi protocols. Stellar’s on-chain activity remains robust, with transaction count up 5% week-on-week.