XLM News: Stellar Recovers From Sudden Sell-Off as Open Interest Resets and Buyers Regain Control

Stellar (XLM) is showing signs of recovery after experiencing a volatile session that included a swift sell-off and widespread liquidations, briefly dipping below $0.19 before buyers aggressively restored stability near $0.31. This turbulence resulted in a significant deleveraging event, causing aggregated open interest to drop sharply from over $160 million to approximately $81 million, which analysts view as a market reset that improves health by removing speculative leverage.

Currently trading around $0.3122, XLM is up 6.69% over 24 hours, with a market cap of $10.02 billion and trading volume exceeding $273 million. Technical indicators suggest the asset was oversold, with the RSI at 36.43 and the price near the lower Bollinger Band, hinting at potential for a short-term rebound.

For sustained recovery, maintaining support above $0.31 is crucial. The current market structure reflects a recalibration following the leveraged washout, suggesting a transition toward a more organic accumulation phase if stability holds.

(Source：Brave New Coin)