Stellar’s XLM token experienced heightened volatility, climbing from $0.36 to a session peak of $0.37 before falling back to $0.36 in the final trading hour. The move represented a 5% intraday swing, supported by strong trading activity and institutional participation.
Support held firmly at $0.35, with volumes surging to 28 million tokens at 07:00 and peaking at 82 million around midday, confirming robust buying momentum. Despite the late-session pullback, XLM closed slightly above its opening level, maintaining a broadly bullish technical framework.
Over the past year, Stellar has posted a 288% gain, fueled by upgrades to Protocol 23 and expanding use in cross-border payment solutions. While competition from emerging PayFi platforms poses external pressure, institutional interest and strong volume suggest the token’s near-term fundamentals remain solid.
Technical Summary:
- Support: $0.35
- Resistance: $0.36
- Session High: $0.37
- Trend: Bullish despite final-hour decline
The session reflects active trader engagement and the potential for further upside, though near-term price swings are expected to remain pronounced.
