Stellar's XLM token experienced a 5% decline, dropping from $0.39 to $0.38 between October 8 and October 9, driven by heavy institutional selling. Trading volumes surged to 35.51 million, surpassing average levels, as the token broke below the critical $0.38 support level. This movement suggests a shift in market sentiment, with technical indicators showing a descending channel pattern and repeated rejections near $0.38. In the final hour of trading on October 9, XLM fell an additional 1%, with significant volume spikes observed at 13:52 and 14:01, indicating coordinated institutional activity. The breakdown below the support level highlights increased bearish pressure on the token.