Core Insights - Stellar's XLM experienced an 8% decline from $0.36 to $0.33 between October 13 and October 14, with trading volume surging to 63.1 million tokens, significantly above the 24-hour average of 36.85 million [1][6] - The selloff intensified after breaking the critical support level at $0.34, leading to heavy liquidation and a new local low of $0.32 [1][6] - Signs of capitulation were evident, with high-volume selling indicating potential oversold conditions, although XLM briefly rebounded to $0.33 as institutional buyers began accumulating at discounted levels [2][6] Trading Activity - Trading activity froze after 14:05, indicating market consolidation near the $0.33 resistance zone [3][6] - The volatility in the market reflects broader uncertainty in the cryptocurrency sector, with Bitcoin dominance remaining steady at approximately 58% [3] - Despite the current turmoil, some analysts maintain a bullish long-term outlook, predicting a potential rally towards $1.44 by the end of 2025 based on Elliott Wave patterns [3] Technical Analysis - The sharp decline in XLM's price was accompanied by exceptional volatility, posting a 2% intraday range with sharp reversal patterns suggesting potential oversold conditions [2][6] - Institutional accumulation signals were observed during specific trading sessions, with extraordinary volumes of 2.67 to 3.68 million tokens [6]