XLM has experienced a decline of 1.75%, dropping from $0.41 to $0.40 as market volatility surged to 4.32%. This drop occurred during a significant sell-off, with trading volumes hitting 52.17 million, more than double the daily average. The increased selling pressure has established new resistance at $0.41, while support has weakened in the $0.403–$0.405 range. Notably, the token's value fell sharply in a brief period, reinforcing the resistance level amid high per-minute volumes. As the broader crypto market consolidates with Bitcoin stable near $115,000, XLM's struggles reflect the overall altcoin weakness, despite growing institutional interest, particularly following investments such as Stellar's in Archax. The inability to maintain levels above $0.41 may lead to further declines if support at $0.403 fails, pushing traders to monitor this critical level closely for potential breakdowns or reversals.

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