XLM Rallies 3.7% Amid Strong Volume, Breakout Confirms Uptrend
Stellar’s native token XLM surged 3.7% over the past 24 hours, climbing from $0.36 to $0.37 on heightened trading activity, driven by multiple breakout phases and robust market participation.
The first notable surge occurred on September 28 at 22:00, pushing XLM to $0.37 with volume nearly double the daily average. A second rally on September 29 at 13:00 reinforced the token’s bullish trajectory, supported by over 31 million units traded during the session.
The final hour of trading saw particularly strong momentum, with XLM jumping 1.64% between 13:10 and 14:09. A breakout at 13:42, accompanied by a single-candle volume spike of 1.9 million units, allowed prices to clear resistance at $0.366 and establish a new uptrend channel. The token reached an intraday high of $0.372 before consolidating near $0.371 as volumes tapered.
The rally comes amid Stellar’s ongoing expansion in the Asia-Pacific region, including partnerships with Southeast Asian banks and development of Soroban, its smart-contract platform. Lower-priced digital assets like XLM continue to attract retail investors, while institutional interest is increasing, reinforcing the token’s position in cross-border financial applications.
Key Technical Metrics:
- 24-hour price range: $0.36–$0.37 (+3.7%)
- Initial breakout: $0.37 on Sept. 28 with 31.93M units traded
- Secondary surge: $0.37 on Sept. 29 with 31.61M units
- Final-hour rally: +1.64%, breakout at 13:42
- Intraday high: ~$0.372, consolidation near $0.371
The strong trading volume and multiple breakout points suggest that XLM is positioned for continued upward momentum, signaling optimism among both retail and institutional participants.
