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Stellar Lumens (XLM) dips to $0.17 amid higher Binance futures selling volume.

Technical Signals
02 Nov 2026, 11:31 WIB
Tokenpost
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Bearish
Stellar Lumens (XLM) dips to $0.17 amid higher Binance futures selling volume.

On November 2, Stellar Lumens (XLM) traded at around $0.17 on Binance spot, showing a 1.12% decline over 24 hours. Binance futures data for a one-hour period ending at 3 a.m. ET indicated stronger selling pressure, with sell volume exceeding buy volume by a ratio of 0.6725. Despite this, open interest in Binance futures rose by 3.05% to about $30.1 million, which could reflect hedging or spread trades rather than new shorts. Technical indicators placed XLM below key moving averages, while account data showed a majority of long positions among traders, suggesting mixed market sentiment.

As of Nov 02, 2026 16:41 WIB, Stellar Lumens (XLM) trades at Rp3.043 on Pluang, down 0.78% over the past day. Despite the news of selling pressure on Binance futures, Pluang data shows a strong buy interest with 94% of orders on the platform being buy orders. The typical hold time for XLM on Pluang is 84 days, indicating a longer-term investment horizon among users.

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