Stellar (XLM) posted moderate gains in Tuesday’s session, climbing 0.97% to $0.279 and outperforming the broader crypto market by 1.84%. The move comes despite general market caution, signaling selective buying interest and relative strength for the token.
Trading volume advanced 59.61% above its seven-day average, marking a notable surge in participation that often precedes larger directional moves. The increase in activity points to institutional repositioning rather than short-term speculation, as traders appear to accumulate positions amid a restrained upward trend.
Technical indicators show XLM dropping to test support near $0.256 before recovering throughout the day. The token maintains an upward pattern with a 9.4% range and consistent higher lows, reinforcing a constructive setup. The peak trading volume reached 127.2 million tokens during the test of support – 88% above the daily average – confirming the strength of the buyer at the lower level.
Short-term charts revealed XLM gaining traction above $0.274, establishing higher lows at $0.266, $0.270, and $0.276 before breaking through resistance at $0.281 in late trade. The breakout, supported by more than 1 million tokens traded per minute at its peak, is a sign of professional accumulation and sustained momentum rather than retail-driven speculation.
The main technical levels of continuation potential for XLM
Support/Resistance Assessment:
- Key support confirmed at $0.256 with strong volume validation.
- Resistance was verified at $0.281 during the last hour acceleration.
- Secondary support levels are marked at $0.266, $0.270, and $0.276.
Quantitative Assessment:
- 59.61% volume spike above the weekly average shows institutional participation.
- Peak activity reached 127.2m tokens during the support testing phase.
- Last hour volume topped 1m tokens per minute during the breakout.
Chart patterns:
- Upward pattern with consistent higher lows over a 24-hour period.
- The total range of $ 0.026 (9.4%) shows a controlled environment of volatility.
- The breakout momentum confirmed above the $0.281 resistance level.
Targets and Risk/Reward:
- Next technical target projects near $0.285 based on breakout momentum.
- The risk of major downside sits at the $0.276 support level.
- An upward pattern indicates continued upward potential momentum.
Disclaimer: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
