Stellar's XLM cryptocurrency demonstrated significant bullish momentum with a 3.7% price surge from $0.36 to $0.37 over 24 hours. The rally featured two major breakout sessions supported by exceptionally high trading volumes exceeding 31 million units - nearly double the daily average. The most explosive movement occurred during the final trading hour on September 29, where XLM gained 1.64% between 13:10 and 14:09, breaking through key resistance at $0.366.
The technical breakout began at 13:42 with a massive volume spike surpassing 1.9 million units on a single candlestick, establishing a new uptrend channel. XLM reached intraday highs near $0.372 before consolidating around $0.371 as trading activity normalized.
This positive price action coincides with Stellar's expanding presence in Asia-Pacific financial markets. The blockchain platform continues strengthening cross-border payment partnerships with Southeast Asian banks while developing Soroban, its advanced smart-contract platform designed to enhance network capabilities. These developments align with growing institutional adoption of blockchain technology for international payment systems.
With XLM trading below $1.00, the asset attracts both retail investors seeking affordable entry points and institutional interest evidenced by high-volume breakouts. Stellar's recent performance positions it as both accessible to mainstream traders and a serious competitor in cross-border financial innovation.
Technical Analysis Confirms Bullish Trend
- XLM gains 3.70% from $0.36 to $0.37 in 24-hour session
- Initial breakout at September 28 22:00 reaches $0.37 with 31.93 million volume
- Secondary surge at September 29 13:00 hits $0.37 with 31.61 million volume
- Final hour trading delivers 1.64% acceleration
- Breakout at 13:42 features volume spike exceeding 1.9 million units
- Price breaks $0.37 resistance, establishing new uptrend channel
- Support forms at $0.37 with session peak at $0.372