XLM Technicals Point to Strength During 4% Rally

Stellar’s XLM rose nearly 4% over the past 24 hours, climbing from $0.38 to $0.40 as strong trading volumes and repeated tests of the $0.40 resistance level highlighted robust institutional buying.

During the session from 17:00 UTC on September 17 to 16:00 UTC on September 18, XLM traded within a $0.02 corridor between $0.38 and $0.40. Volume-driven gains at $0.39 and $0.40 surpassed the 24-hour average of 30.47 million tokens.

Repeated tests of the $0.40 resistance and steady support below suggest ongoing accumulation. A surge in volume to 7.50 million tokens during the final hour reinforced the breakout and confirmed bullish momentum.

Technical Summary:

• Range: $0.38–$0.40 (5% volatility)
• Volume: Spikes above 40M tokens during key advances
• Resistance & Support: $0.40 repeatedly tested; support holding
• Trend: Higher lows and breakout activity indicate sustained bullish momentum

XLM’s strong volume and resistance-level consolidation suggest continued upside potential above $0.40.