Stellar’s XLM Rises 2.32% with Support Holding at $0.36
Stellar's native token, XLM, gained 2.32% from September 7 at 09:00 to September 8 at 08:00, rising from $0.36 to $0.37. The trading range was narrow, with lows at $0.36 and highs at $0.37, resulting in a 2.66% intraday fluctuation.
Key points include:
- XLM maintained support above $0.36, indicating sustained institutional buying interest.
- Trading volume peaked at 129.15 million tokens on September 7 at 14:00, reinforcing the price support.
- Paxos' entry into Stellar’s ecosystem is notable for compliance with upcoming regulations.
- Current technical indicators suggest potential for further price movement if resistance at $0.37 is surpassed.
- Final hour trading data on September 8 showed volume exceeding 2.5 million units, supporting the rise to $0.37.
Analysts observe that holding above $0.36 offers room for additional gains, bolstered by institutional flows and confidence in blockchain financial infrastructure.
