XLM Rallies 3.7% on Strong Volume, Final-Hour Surge Propels Momentum
Stellar’s native token XLM climbed 3.7% over the past 24 hours, rising from $0.36 to $0.37, fueled by heightened trading activity and multiple breakout phases.
The first surge occurred on September 28 at 22:00, lifting XLM to $0.37 on volume nearly double the daily average of 18.47 million units. A second rally followed at 13:00 on September 29, reinforcing bullish momentum with 31.61 million units traded.
The final hour of trading proved decisive, with XLM spiking 1.64% between 13:10 and 14:09. A breakout at 13:42, triggered by a sharp volume jump exceeding 1.9 million units, pushed prices past resistance at $0.366, establishing a fresh uptrend. XLM reached intraday highs near $0.372 before consolidating just below $0.371.
The token’s rally coincides with Stellar’s ongoing expansion in the Asia-Pacific region, including partnerships with Southeast Asian banks and the rollout of its Soroban smart-contract platform. With prices remaining under $1, XLM continues to attract retail investors while gaining institutional interest, highlighting its growing relevance in cross-border finance.
Technical Summary:
- 24-hour trading range: $0.36–$0.37, 3.7% gain
- Initial breakout: $0.37 on Sept. 28, 31.93M units
- Second surge: $0.37 on Sept. 29, 31.61M units
- Final-hour rally: +1.64% (13:10–14:09), breakout at 13:42
- Intraday high: ~$0.372, consolidation at $0.371
- Resistance cleared: $0.37, forming a new uptrend channel
Stellar’s high-volume rallies and strong breakout phases underscore XLM’s sustained bullish momentum and its strategic role in blockchain-based financial solutions.
