Stellar’s XLM climbed almost 4% over the past 24 hours, rising from $0.38 to $0.40 amid elevated trading volumes and repeated tests of the $0.40 resistance level, highlighting strong institutional buying interest.
During the session from 17:00 UTC on September 17 to 16:00 UTC on September 18, XLM traded in a $0.02 range between $0.38 and $0.40. Early weakness was quickly recovered, with volume-driven advances at $0.39 and $0.40 exceeding the 24-hour average of 30.47 million tokens.
The $0.40 resistance zone was tested multiple times, while support consolidated below, indicating steady accumulation. A surge in volume to 7.50 million tokens during the final trading hour reinforced the breakout and confirmed sustained bullish momentum.
Technical Highlights:
- Range: $0.38–$0.40 (5% volatility)
- Volume: Key advances above 40M tokens
- Resistance & Support: $0.40 repeatedly tested, support holding below
- Momentum: High-volume breakout with higher lows suggests continued uptrend
XLM’s price action and volume patterns point to sustained bullish strength and potential further gains above $0.40.
