Stellar inched higher on Tuesday, gaining 1.79% to reach $0.256 as trading activity surged well above typical levels despite the relatively narrow price move. XLM rose from $0.2516 to $0.2579 during the 24 hours ending Dec. 3 at 15:00 GMT, marking a sequence of higher lows at $0.2500, $0.2530 and $0.2540 that underscores steady buying interest.
The real momentum showed up in volume. Trading activity increased 37% above the seven-day average, signaling that larger investors may be accumulating even as price action remained contained. XLM traded within a $0.0131 band—roughly 5.1%—throughout the session.
With few fundamental catalysts in play, technical levels dictated short-term direction. XLM briefly tapped resistance at $0.2631 amid heavy morning volume and recorded several higher highs through the session. The most notable surge occurred at 14:00 GMT, when volume climbed to 74.27 million tokens—more than 160% above the 24-hour average of 27.9 million.
Intraday readings on the 60-minute chart highlight accelerated momentum. XLM pushed through the $0.2556 resistance level and advanced to $0.2588. Volume spikes of 1.9 million tokens at 15:34 and 1.7 million at 15:48 confirmed aggressive participation, though the late-session slowdown suggests the market may pause before attempting another move higher.
Key Technical Signals for XLM
Support & Resistance
- Primary support holds at $0.2519.
- Resistance remains firm at $0.2631, the level where Tuesday’s rally stalled.
Volume Trends
- The session’s peak volume—74.27 million tokens—came in 163% above the daily average, reinforcing signs of institutional involvement.
Trend Structure
- A clear pattern of higher lows and a confirmed breakout above $0.2556 supports a bullish, ascending trend channel.
Targets & Risk Profile
- Immediate upside targets a retest of $0.2631 (+2.6%).
- A break above this resistance could extend gains, while downside risk stays limited to the $0.2519 support zone.
