Altcoin News: Stellar (XLM) Jumps 4.3% but Faces Repeated Resistance at $0.396

Key TakeawaysXLM spiked 4.3% in 24 hours, swinging between $0.379 and $0.396.A 112M midday volume surge pointed to institutional activity, but momentum faded.Strong support is building at $0.379–$0.381, while heavy resistance caps gains at $0.394–$0.396.XLM Price Swings on High-Volume TradingStellar’s XLM token posted sharp intraday swings on September 11, climbing as high as $0.396 before slipping back to $0.387. The move marked a 4.3% fluctuation within a narrow $0.017 band, underscoring the token’s volatility.The rally gathered steam overnight as buyers pushed XLM from $0.384 to $0.396, but repeated failures at that level revealed intense distribution pressure.Institutional Volume Spike FadesThe day’s highlight came at noon, when 112 million units of XLM changed hands — a surge far above average daily volume. Analysts flagged this as a sign of institutional participation. However, the inflows failed to sustain momentum, and prices quickly retreated, reinforcing $0.394–$0.396 as a key resistance zone.On the downside, buyers consistently stepped in near $0.379–$0.381, creating a firm accumulation base that could anchor future attempts higher.Short-Term Technical PictureBetween 1:14 and 2:13 p.m., XLM consolidated in a $0.386–$0.389 range, showing the market’s hesitation. Two brief spikes to $0.389 were rejected instantly, cementing the level as a near-term ceiling in line with the broader 24-hour trend.Support: $0.379–$0.381Resistance: $0.389 (short-term) and $0.394–$0.396 (major)Volume: 112M spike highlights big money interest but fading follow-throughSupport vs. Resistance BattleFor traders, the next key test is whether XLM can flip $0.389 into support. A successful breakout could pave the way back to the $0.396 resistance zone, while rejection risks another retest of the $0.379–$0.381 support base.Until then, XLM remains range-bound, with volatility offering opportunities but resistance keeping upside capped.