XLM Price Hovers Around $0.28, Traders Await Next Move
Update: 2025-11-12
Description
On November twelfth, Stellars XLM token experienced a quiet trading day, with prices fluctuating only slightly within a narrow range. Traders seemed uncertain about market direction, leading to a lack of strong conviction. Earlier in the week, a significant sell-off pushed prices down, but buyers later stabilized the market. With no major news, traders are focusing on technical indicators, suggesting larger investors may be buying around the twenty-nine point four nine cent level, potentially aiming for the next resistance point between twenty-nine point six zero and twenty-nine point seven zero cents. The key question now is whether the price can hold steady around the twenty-eight point one zero cent mark, which could set the stage for a sustained increase, or if it will break, leading to further declines.
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