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

Stellar’s XLM surged 3.62% to $0.3004, breaking above key resistance following a spike in trading volume that exceeded the 30-day average by nearly 19%. This surge outperformed the broader crypto market by 4.86% and has analysts optimistic about a potential move toward $1.52, given that XLM is nearing the upper boundary of a seven-year symmetrical triangle pattern. The trading volume reached a peak of 68.52 million shares, 78% above the average, confirming the breakout through the $0.3020 resistance level. With primary support established at $0.3058, traders are focusing on whether XLM can maintain momentum above resistance amidst strengthening demand from institutional participation. The significant price compression since 2018 has set the stage for a substantial breakout, and the current outperformance of XLM suggests the possibility of an extended bullish phase ahead.

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