Star lumens (XLM) He extended his recent rally in the last 24 hours, rising 3% as buyers absorbed an increased sales pressure and pushed the token to new levels of resistance. Between September 1 at 3:00 p.m. UTC and September 2 at 2:00 p.m. UTC, XLM advanced from $ 0.36 to $ 0.36, with a 5% volatility underlining active participation.
The asset found support at $ 0.35 after a brief sales wave before consolidating in the range of $ 0.36. The resistance emerged around $ 0.37, where the market saw two rejection points, although the volume trade above the daily average of 31.2 million tokens indicated a sustained institutional interest.
The bullish structure was taken at the end of the session, when XLM won 2% of $ 0.36 to $ 0.37. The movement was reinforced by an increase in volume of 2.7 million units at 14:00 UTC, allowing the token to briefly pierce the $ 0.37 ceiling before stabilizing above $ 0.36. The rupture reinforced the 24 -hour trend and suggested that buyers are building a basis for rising if the boost of the volume continues.
At the same time, the main exchanges of South Korea Bithumb and Upbit said that they will suspend the deposits and withdrawals of XLM from September 3 to 09:00 UTC. The movement is part of the preparations for the update of the Stellar protocol 23, whose objective is to modernize the network infrastructure and expand interoperability.
Protocol 23 has been framed as a step to expand the usefulness of Stellar for real world assets, of which approximately $ 460 million are already circulating on the network. The synchronization of price profits with network improvements highlights a growing narrative of business adoption.
The technical analysis model of COINDESK data keeps in mind that consolidation above $ 0.36, combined with systematic accumulation around the key support levels, points to continuous institutional positioning that could pave the way for a sustained movement beyond $ 0.37.
Market analysis reveals the strengthening of corporate interest
- The price established a fundamental support at $ 0.35 during the increased sales pressure on September 1, 21:00.
- The solid accumulation activity was developed between $ 0.36- $ 0.36 after the decisive recovery of the market.
- Resistance parameters identified at $ 0.37- $ 0.37 where the price found double rejection events.
- The negotiation volume increases above the average of 24 hours of 31.20 million participation validated in the institutional market.
- Maintenance of consolidation assets within the formation of ascending price channels.
- Breaking potential above $ 0.37 The resistance depends on the validation of sustained volume.
- The accelerated commercial impulse during session 13: 35-13: 46 with a decisive ascending movement.
- Improved support structure established around $ 0.36- $ 0.36 price levels.
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