Big Institution Sell-Off Make Stellar XLM Drop 6% to $0.41
Stellar XLM drop 6% from $0.43 to $0.41 between August 17 and 18 as big institutional sellers dey sell am heavily. Trading volume pass $30 million because of 60 million XLM liquidation wey set resistance at $0.42 and support at $0.41. Even with plenty try to recover, Stellar XLM no fit break $0.42 resistance, e drop another 1% for last trading hour. The lack of buyers near $0.41 support show say bear market still dey and e fit go down more. Traders suppose dey watch $0.42 resistance and monitor volume to sabi if reversal go happen.
Bearish
Heavy institutional selling don trigger liquidate pass 60 million XLM, e set strong resistance for $0.42 and push price go toward $0.41 support level. E mirror past sell-offs wey big-big liquidations dey happen before long downtrends. Failed recovery attempts and volume wey dey fall during rebounds show say bearish momentum still strong. For short term, if e break $0.41, e fit bring more losses, meanwhile long-term recovery go depend on fresh institutional demand or bigger market catalysts. Historical pattern dey show say pressure go continue until big buying interest return.