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

Stellar’s XLM surged 3.62% to $0.3004, breaking past the key resistance of $0.3020, driven by a significant increase in trading volume—18.90% above its 30-day average. This upward movement significantly outperformed the broader crypto market by 4.86%, indicating a potential bullish trend as it approaches a major breakout. Analysts are closely observing XLM as it nears the upper boundary of a seven-year symmetrical triangle pattern, which could lead to a substantial price increase towards $1.52. The trading activity saw a peak during European hours, confirming a solid breakout through the resistance level, while establishing support around $0.3058. Technical indicators suggest that if XLM can maintain momentum above these resistance levels, it may herald the beginning of a prolonged bullish phase for the token. Market participants are particularly interested in whether XLM can sustain these gains following strong institutional interest at the $0.3020 level.

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