XLM rebounded strongly after facing overnight selling pressure, with the token climbing back above $0.39 during European trading hours on Tuesday. The move followed a sharp dip that saw the asset fall from $0.39 at 2 a.m. UTC to $0.38 by 4 a.m., marking the session’s steepest decline. Elevated trading activity around the $0.38 level signaled strong demand, helping to establish that zone as a key support area.

The bounce gained momentum as markets in Europe opened, pushing XLM back toward $0.39. Analysts noted that the recovery suggested institutional interest, with traders likely accumulating at discounted prices. Price action during the 24-hour window from Sept. 16 at 15:00 UTC to Sept. 17 at 14:00 UTC highlighted resilience, with the asset oscillating within a narrow $0.38–$0.39 band —

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