Stellar XLM Faces Resistance Despite Bullish Volume Surge
XLM, Stellar’s native token, displayed sharp swings in a volatile session, with volume spikes signaling heightened market activity.
Trading ranged from $0.379 to $0.396, a 4.3% fluctuation. The token climbed from $0.384 at midnight to $0.396 mid-morning, accompanied by a 112 million-unit volume spike at noon — well above typical averages. Momentum stalled as XLM pulled back to $0.387, confirming resistance at $0.394-$0.396.
On shorter timeframes, XLM consolidated between $0.386 and $0.389. Two brief bullish surges reached $0.389 on strong volume but were rejected, solidifying this level as a ceiling. Support continues to hold at $0.379-$0.381, forming a key accumulation zone. The next move depends on whether XLM can flip $0.389 into support or retest the lower range.
