Strong volumes and institutional interest push Stellar above major resistance with bullish momentum
Stellar (XLM) surged over 4% in the latest trading session, successfully breaking through the critical $0.40 resistance barrier. The move briefly pushed the price above $0.41, marking one of the strongest breakouts in weeks. The rally was supported by institutional demand and the recent Bitcoin.com Wallet integration, which boosted investor confidence in Stellar’s long-term adoption potential.
On the 4-hour chart, XLM had been consolidating within a descending channel for several weeks, with support holding around the $0.35–$0.36 demand zone. The decisive breakout above $0.40 signals that buyers are regaining control, with immediate resistance seen near $0.42–$0.44.
Trading volumes spiked to more than twice the daily average, confirming strong participation behind the move. Analysts highlight this as a sign of institutional inflows. One of BITX market strategist explained, “The volume-backed breakout above $0.40 is significant. If Stellar holds this level, the next leg higher could test the $0.45–$0.48 range.”
Key support and resistance levels
- Immediate support: $0.36–$0.38 zone
- Key resistance: $0.42–$0.44, followed by $0.48
- Bullish target: $0.50 psychological level
The broader crypto market’s recent uptick has added fuel to Stellar’s rally, but the sharp rise in trading activity highlights that XLM’s move is not just market-driven—it reflects growing utility and adoption.
If bulls maintain momentum above $0.40, Stellar could extend gains toward the $0.45–$0.48 resistance zone. However, failure to hold this breakout may result in a pullback toward $0.38 support, where buyers are likely to defend positions.
Overall, Stellar’s 4% rally and breakout above $0.40 mark an important technical shift that could set the stage for further upside in the short term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.