Stellar posted a steady advance on Tuesday, rising 1.79% to $0.256 as trading activity surged well beyond normal levels despite the modest price move. XLM climbed from $0.2516 to $0.2579 over the 24 hours ending Dec. 3 at 15:00 GMT, forming higher lows at $0.2500, $0.2530 and $0.2540 that point to sustained underlying demand.
The standout metric was volume. Trading activity jumped 37% above the seven-day average, a signal that larger market participants may be quietly building positions even as XLM traded within a relatively tight 5.1% intraday range.
With no major fundamental catalysts driving the move, technical levels took center stage. XLM briefly tested resistance at $0.2631 during a high-volume morning push and continued to log higher highs throughout the session. The most notable volume burst came at 14:00 GMT, when activity spiked to 74.27 million tokens—163% above the 24-hour average of 27.9 million.
Short-term charts show acceleration building into the afternoon. XLM broke above $0.2556 resistance and advanced to $0.2588, supported by rapid volume surges of 1.9 million tokens at 15:34 and 1.7 million at 15:48. Momentum tapered off late in the session, suggesting a brief consolidation phase may set in before the next directional move.
Key Technical Signals for Stellar (XLM)
Support & Resistance
- Strong support established at $0.2519.
- Resistance remains concentrated at $0.2631, the upper boundary that capped Tuesday’s rally.
Volume Dynamics
- Peak volume hit 74.27 million tokens (+163% vs. 24-hour SMA), pointing to institutional-scale participation.
Trend Structure
- Higher lows and a confirmed breakout above $0.2556 reinforce a constructive ascending trend.
Targets & Risk Levels
- Immediate upside focuses on a retest of $0.2631 (+2.6%).
- A clean breakout could open room for further gains, while downside risk remains anchored by the $0.2519 support line.
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