Stellar (XLM) Breaks Key Resistance Amid Heavy Volume Surge

Stellar (XLM) has gained 0.97%, rising to $0.279, amidst a significant increase in trading volume, which was 59.61% above its seven-day average. This activity indicates strong institutional accumulation, reflecting a bullish sentiment. The token confirmed primary support at $0.256 and broke through a critical resistance level at $0.281, suggesting potential for further upside momentum with the next target at $0.285. This increase occurs despite a cautious broader market, which highlights selective buying interest in XLM. Notably, peak trading volume reached 127.2 million tokens during a support test, indicating robust buyer activity. The price movement maintained an ascending pattern with consistent higher lows, reinforcing a constructive technical setup. Areas of short-term downside risk are identified at $0.276 and $0.270, while the bullish trend appears stable with elevated institutional engagement.

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