XLM Drops 13% After Bullish Surge: Stellar Faces Correction Amid High Trading Volumes

Stellar (XLMUSDT) experienced a sharp price decline in the past 24 hours, with the current Binance price at 0.4371, down 13.24% from the 24h open of 0.5038. This reversal follows a recent period of strong bullish momentum, which had been driven by positive developments such as the integration of PayPal’s PYUSD stablecoin on the Stellar network, increased adoption for cross-border payments, and heightened trading activity during broader market rallies. The rapid price surge earlier in the week, including a breakout above key resistance levels and high trading volumes, likely contributed to overbought conditions and subsequent profit-taking, resulting in the current pullback. Stellar’s market capitalization remains significant, and the asset continues to see robust trading volumes, reflecting ongoing investor interest despite the recent correction.