The post XLM Consolidates After Volatile Session Tests Key Support appeared on BitcoinEthereumNews.com. Market Overview Stellar (XLM) posted modest declines in a volatile 24-hour session ending Nov. 7 at 14:00. Prices dropped from $0.2705 to $0.2702 while trading within a tight $0.0109 range. The session’s critical development emerged at 12:00 UTC when 45 million tokens changed hands. This volume surge exceeded the 24 hour moving average of 25.4 million tokens by 78%. The spike confirmed resistance near $0.2777 while establishing solid support at $0.2663. These levels now frame institutional trading activity. Without clear fundamental catalysts, technical levels dominated as institutional flows drove price action. Morning distribution patterns gave way to afternoon accumulation signals. The high-volume rejection at $0.2777 marked the session’s turning point. Volume concentration reveals institutional positioning strategies. Buyers accumulated 2.5 million tokens during the 13:20-13:22 advance. Another 1.5 million token spike occurred during the 14:07-14:09 rally. This coordinated buying reversed earlier bearish momentum and established new technical parameters for near-term trading. XLM/USD (TradingView) Key Technical Levels Signal Continuation Potential for XLM Support/Resistance: – Primary resistance established at $0.2777 (24-hour high) – Intermediate resistance levels at $0.2690, $0.2700, and $0.2705 successfully cleared – Strong support confirmed at $0.2663 during volume surge – Broader range target identified at $0.2720-$0.2730 Volume Analysis: – Peak institutional activity at 45.09M tokens (78% above 25.4M SMA) – Accumulation signals in 13:20-13:22 window (2.5M tokens) – Breakout confirmation during 14:07-14:09 spike (1.5M tokens) Chart Patterns: – Range-bound consolidation with $0.0109 total volatility – Institutional distribution pattern followed by accumulation reversal – Progressive resistance level clearing suggests continuation momentum Targets & Risk/Reward: – Immediate target zone: $0.2720-$0.2730 range – Primary objective: Test of 24-hour high near $0.2777 – Key support maintained at $0.2663 for risk management – Progression through resistance levels indicates potential for extended advance Disclaimer: Parts of this article were generated with the assistance from AI tools… The post XLM Consolidates After Volatile Session Tests Key Support appeared on BitcoinEthereumNews.com. Market Overview Stellar (XLM) posted modest declines in a volatile 24-hour session ending Nov. 7 at 14:00. Prices dropped from $0.2705 to $0.2702 while trading within a tight $0.0109 range. The session’s critical development emerged at 12:00 UTC when 45 million tokens changed hands. This volume surge exceeded the 24 hour moving average of 25.4 million tokens by 78%. The spike confirmed resistance near $0.2777 while establishing solid support at $0.2663. These levels now frame institutional trading activity. Without clear fundamental catalysts, technical levels dominated as institutional flows drove price action. Morning distribution patterns gave way to afternoon accumulation signals. The high-volume rejection at $0.2777 marked the session’s turning point. Volume concentration reveals institutional positioning strategies. Buyers accumulated 2.5 million tokens during the 13:20-13:22 advance. Another 1.5 million token spike occurred during the 14:07-14:09 rally. This coordinated buying reversed earlier bearish momentum and established new technical parameters for near-term trading. XLM/USD (TradingView) Key Technical Levels Signal Continuation Potential for XLM Support/Resistance: – Primary resistance established at $0.2777 (24-hour high) – Intermediate resistance levels at $0.2690, $0.2700, and $0.2705 successfully cleared – Strong support confirmed at $0.2663 during volume surge – Broader range target identified at $0.2720-$0.2730 Volume Analysis: – Peak institutional activity at 45.09M tokens (78% above 25.4M SMA) – Accumulation signals in 13:20-13:22 window (2.5M tokens) – Breakout confirmation during 14:07-14:09 spike (1.5M tokens) Chart Patterns: – Range-bound consolidation with $0.0109 total volatility – Institutional distribution pattern followed by accumulation reversal – Progressive resistance level clearing suggests continuation momentum Targets & Risk/Reward: – Immediate target zone: $0.2720-$0.2730 range – Primary objective: Test of 24-hour high near $0.2777 – Key support maintained at $0.2663 for risk management – Progression through resistance levels indicates potential for extended advance Disclaimer: Parts of this article were generated with the assistance from AI tools…

                                                                               Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain.                     Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”Read more