XLM Shows 4% Rally with Strong Institutional Buying
Stellar's XLM showed resilience during a 24-hour session from Sept. 17-18, trading within a $0.38 to $0.40 range.
- XLM recovered sharply with strong volume-driven advances at $0.39 and $0.40.
- Transaction volumes of 40.04M and 33.80M exceeded the 24-hour average of 30.47M, indicating strong buying interest.
- $0.40 was repeatedly tested as resistance, highlighting it as a key battleground, while support consolidated just below.
- In the final hour, XLM rose from $0.40 to a session high, backed by a surge in volume to 7.50M—24 times the typical hourly level.
- XLM appreciated nearly 4%, from $0.38 to $0.40, suggesting institutional participation and longer-term accumulation strategies.
Technical Indicators Signal Continued Strength
- The $0.02 trading corridor represents a 5% differential between the floor and ceiling.
- Volume-reinforced advances surpassed the baseline, indicating significant engagement.
- Institutional engagement seen in repeated testing of the primary resistance zone.
- Support established around the $0.40 mark indicates accumulation during market pullbacks.
- Remarkable volume acceleration suggests sustained momentum above the $0.40 threshold.