Stellar’s XLM Surges on Volume Before Pulling Back
Stellar’s XLM token swung between $0.38 and $0.39 over the past 23 hours, spiking to $0.39 between 08:00–09:00 UTC on a surge of 70 million in trading volume—more than triple its 24-hour average. Momentum remained elevated above 60 million in the following hour as the token consolidated near the top of its range.
The rally was fueled by both technical activity and growing fundamentals. A recent DTCC patent filing highlighted XLM for liquidity tokenization alongside XRP, and Stellar Development Foundation confirmed major firms plan to launch on its network, coinciding with a ninefold increase in total value locked over the past year.
However, late-session profit-taking pushed XLM back from $0.39 between 13:15–14:14 UTC, with heavy selling of 3.6 million around 13:45 UTC. Activity tapered off in the final minutes, signaling institutional caution.
Key Technicals
- Resistance at $0.39 on a 70M volume spike
- Consolidation near $0.39 forming short-term support
- Late-session decline suggests profit-taking amid rising institutional interest
