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

Stellar’s XLM increased by 3.62% to $0.3004, breaking through significant resistance at $0.3020, supported by a trading volume that was 18.90% above its 30-day average. This performance marked a 4.86% outperformance compared to the overall crypto market. Analysts have noted that XLM is at the brink of a seven-year symmetrical triangle breakout, with a potential target of $1.52, which represents a 446% increase from current levels. The trading surge occurred mainly during European hours, with volume spiking to 68.52 million shares, validating the breakout. As trading activity intensified, analysts observed a consolidation of gains between $0.3020 and $0.3100, establishing support at $0.3058. The rise in institutional participation at the resistance level and sustained demand suggests that XLM could be entering a prolonged bullish phase, emphasizing the importance of maintaining momentum to confirm this breakout.

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