Stellar’s XLM surged almost 4% over the past 24 hours, rising from $0.38 to $0.40 amid strong trading volumes and repeated tests of the $0.40 resistance level, indicating sustained institutional buying.
During the session from 17:00 UTC on September 17 to 16:00 UTC on September 18, XLM traded in a tight $0.02 range. Volume-driven advances at $0.39 and $0.40 surpassed the 24-hour average of 30.47 million tokens, underscoring firm accumulation.
Repeated resistance tests at $0.40 and steady support below highlight ongoing bullish momentum. A surge in volume to 7.50 million tokens during the final hour reinforced the breakout and confirmed investor interest.
Technical Highlights:
- Trading Range: $0.38–$0.40 (5% volatility)
- Volume: Key spikes above 40M tokens
- Resistance & Support: $0.40 repeatedly tested, support holding below
- Trend: Higher lows and volume-driven breakouts confirm bullish momentum
XLM’s strong volumes and resistance-level consolidation suggest potential further upside beyond $0.40.
