XLM Price Analysis: Technical Indicators Show Bullish Momentum Amid 4% Rally

Stellar's XLM displayed significant strength during the 24-hour trading session from September 17-18, maintaining a tight $0.02 trading range between $0.38 and $0.40. The cryptocurrency demonstrated robust recovery after initial weakness, with substantial volume-driven advances at key resistance levels. Trading volumes of 40.04 million and 33.80 million at these critical points exceeded the 24-hour average of 30.47 million, indicating strong buyer interest. Repeated testing of the $0.40 resistance zone established this level as a crucial battleground, while support consolidation just below suggested steady accumulation patterns. The final trading hour showed exceptional strength, with XLM reaching a session high of $0.40 backed by volume surging to 7.50 million—approximately 24 times the typical hourly level. This substantial activity confirmed breakout momentum as buyers consistently defended the $0.40 threshold. Market analysis points to sustained institutional participation, providing foundation for continued upward movement. XLM gained nearly 4% during the period, advancing from $0.38 to $0.40, with trading data indicating institutional positioning and longer-term accumulation strategies rather than short-term speculation. The ability to maintain higher support levels while testing resistance zones further confirms bullish technical indicators.