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Stellar's XLM token doubled after DTCC news but dropped 38% amid selling pressure and uncertain outlook.

Technical Signals
10 Jun 2026
AMBCrypto
View Source
Bearish
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Stellar's native token XLM surged 102% in late May following the Depository Trust and Clearing Corporation (DTCC) selecting its blockchain for tokenisation plans. However, the price has since fallen nearly 38%, with increased selling pressure and declining open interest indicating market panic. Technical indicators show sellers currently dominate, and the recent rally's retracement may not be over. With Bitcoin also under pressure, the future trend for XLM remains uncertain, urging buyers to remain cautious.

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