Stellar’s XLM Rises 3.6%, Breaking Key Resistance Amid Bullish Signals

Stellar’s XLM price increased by 3.62% to $0.3004, surpassing a critical resistance level of $0.3020, supported by strong institutional trading volume that was nearly 19% higher than its 30-day average. This performance was noted to be 4.86% above the broader cryptocurrency market, suggesting potential for a significant breakout. Analysts have identified a seven-year symmetrical triangle pattern, indicating a possible target of $1.52, which would mark a 446% rise if the token can maintain upward momentum. Key trading activity occurred during European hours, peaking at 68.52 million shares, further validating the breakout. Technical indicators showed support established at $0.3058 and resistance at $0.3118, with the focus now on XLM's ability to sustain above these levels. The notable institutional interest at the $0.3020 mark signals increasing demand, supporting projections of a sustained bullish phase ahead.

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