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

Stellar’s XLM surged 3.62% to $0.3004, breaking above the crucial resistance level of $0.3020, backed by trading volume that was 18.90% above its 30-day average. This performance outpaced the broader crypto market by 4.86%, nearing a significant relative strength threshold. Analysts are closely monitoring the cryptocurrency as it approaches the upper boundary of a seven-year symmetrical triangle pattern, which suggests a potential breakout that could target prices up to $1.52, indicating a possible 446% increase from current levels. The trading volume peaked at 68.52 million shares, significantly validating the breakout through the resistance. Current support is noted around $0.3058, with further resistance at $0.3118. The heightened institutional activity at this level is viewed as a positive sign of increased demand for XLM, reinforcing the outlook for a sustained bullish phase ahead.

Source 🔗