Stellar Climbs 35% to $025 as Technical Recovery Gains Momentum

Stellar’s XLM blazed a brighter path Tuesday, surging 3.53% to $0.2508 and leaving the tepid broader crypto market in its stardust. A surge in trading volume, a full 23% above the weekly average, suggests traders were betting on a breakout, even without a clear fundamental trigger. Has XLM found a tailwind, or is this just a fleeting cosmic shimmer?

XLM’s ascent slammed headfirst into a wall at $0.2540, igniting a technical tug-of-war as intraday price swings flirted with 5%. While bulls and bears traded blows throughout the day, the real fireworks exploded overnight. A colossal 70.4 million XLM tokens flooded the market – a staggering 94% leap over the average daily volume – solidifying the $0.2443 level as a crucial line of defense.

But then, the tide turned. In the dying minutes of the session, a wave of sell orders crashed ashore. At 16:58, a 2.8 million XLM tidal surge wiped out gains, dragging the price from $0.2477 to $0.2449. The sudden plunge screamed one thing: profit-taking, and a storm brewing on the horizon.

XLM teeters on a knife’s edge. The silence on fundamental news has amplified the traders’ focus. Will XLM bulls conquer the $0.2540 fortress, or will a late-day stumble send it spiraling back to the $0.2420 safety net? Keep your eyes peeled: a surge in trading volume, coupled with institutional investors shuffling their hands, hints at a wild ride ahead.

Stellar Climbs 35% to 5 as Technical Recovery Gains Momentum

XLM/USD (TradingView)

Key Technical Levels Signal Mixed Outlook for XLM
  • Support/Resistance:Primary support holds at $0.2422 with resistance forming near $0.2540; new support test at $0.2449 following late selling.
  • Volume Analysis:23% surge above weekly average confirmed buying interest; final-hour institutional flow suggested profit-taking pressure.
  • Chart Patterns:Range-bound consolidation with $0.0124 trading range; late-session reversal pattern created downside momentum.
  • Targets & Risk:Further decline toward $0.2420 likely if selling persists; upside resistance remains at $0.2540 level.

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