Stellar Sees XLM Stabilize After Breakout as Elevated Volume Points to Institutional Activity

Stellar’s XLM Rises 2.5% as Volume Spike Signals Institutional Interest

Stellar’s XLM advanced 2.5%, climbing from $0.3131 to $0.3210 over the past 24 hours, breaking above key resistance before settling into consolidation near $0.321. The token’s broader uptrend remains intact, supported by higher lows at $0.3106, $0.3118, and $0.3149.

Trading volume surged sharply on Oct. 24, reaching 74.39 million tokens, roughly 350% above the 24-hour average, propelling XLM to a session high of $0.3229. Resistance appeared near $0.3230, while support held at $0.3150, defining the day’s $0.0133 trading range, or approximately 4.2% intraday volatility.

After the peak, XLM retraced slightly to $0.321, forming a descending triangle pattern, indicating short-term profit-taking rather than a reversal. The pullback aligns with the 38.2% Fibonacci retracement, suggesting the token may be forming a base for further gains. Analysts note that the strong volume may point to institutional participation, potentially reinforcing bullish momentum.

Key Technical Levels:

• Resistance: $0.3230
• Support: $0.3150
• Immediate Base: $0.321

Volume Highlights:

• Breakout volume spike of 74.39M tokens confirmed move above $0.3170
• Distribution volume of 2.9M+ during pullback reflects profit-taking
• Volume patterns suggest institutional involvement

Chart Patterns & Outlook:

• Ascending trend with higher lows intact
• Short-term descending triangle forming on minor retracement
• Base supported by 38.2% Fibonacci level

Targets & Risk Management:

• Upside: $0.3230 if buying pressure resumes
• Downside: $0.3150 to maintain trend structure
• Technical setup favors continuation, with institutional activity supporting potential gains