Stellar’s native token, Lumens (XLM), showed sharp intraday volatility over the past 24 hours, with prices fluctuating between $0.38 and $0.39 — a 3% swing. After sliding from $0.39 to $0.38 on the evening of Aug. 27, XLM found firm support at the lower bound, where trading volumes surged above the daily average of 25.4 million.
The bounce set the stage for a steady recovery through overnight sessions, allowing the asset to reclaim resistance at $0.38 and close near session highs. Market analysts interpret the move as a sign of renewed institutional accumulation, pointing to a possible recovery trajectory.
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