XLM saw a sharp sell-off alongside a sudden spike in trading volume, with far more coins changing hands than usual. The jump in turnover matters because it can dry up ready cash and unsettle traders and fund bosses, but the exact numbers remain unknown after the only source returned a server error. With no figures attached, this serves as a heads-up rather than a data report.
Between October 13 and 14, XLM plunged from around $0.36 to $0.33, breaking through the important $0.34 support level and reaching an intraday low near $0.32. The volume during this period soared to about 63.1 million tokens — well above the 24‑hour average of 36.85 million, signaling a heavy wave of selling pressure.
This sharp decline exhibited classic signs of capitulation, where sellers rush to exit positions at once, even at a loss, creating oversold conditions. In the final hour of the sell-off, a mild rebound pushed the price back toward $0.33 as institutional buying emerged, suggesting some participants saw value at these depressed levels.
Capitulation and oversold conditions amid volume spike
After the rebound attempt, trading volume collapsed, and the market essentially froze, indicating a phase of consolidation near the $0.33 resistance zone. This lull could reflect uncertainty about where demand might reenter. Despite the overnight turmoil, broader crypto market volatility and rising positioning risk continue to exert pressure on sentiment.
Some technical analysts remain cautiously optimistic over the medium to long term. They point to Elliott Wave patterns that could support a recovery toward $1.44 by the end of 2025 — assuming that buyers step in and hold amid the volatility.
That said, given the aggressive nature of this move and fragile liquidity, any relief rally may be short lived if broader market strength fails to materialize.
