Stellar’s price fell below key trendline support amid a sharp increase in trading activity, testing $0.2500 as sellers intensified pressure on Nov. 17.
Stellar (XLM) dropped 1.2% from $0.2580 to $0.2548 over 24 hours on Nov. 17, breaking its ascending trendline support at $0.2521. The session saw volatility in a 3.3% consolidation range after rejection at $0.2607, with a significant 78% spike in trading volume to 30.4 million tokens signaling strong selling pressure. Key support at $0.2527 failed, pushing prices toward the psychological $0.2500 level. Resistance remains at $0.2607, with session highs capped at $0.2617.