Stellar’s Token XLM demonstrated an impressive resilience in the last 24 hours, rising from $ 0.36 to a session peak of $ 0.37 before they turn again to finish at $ 0.36. The movement represented an intradic range of 5%, underlined by a great commercial activity that pointed to a greater market share. In particular, the asset found a solid base at $ 0.35 during the afternoon session of September 4, with a purchase impulse confirmed by volumes greater than 16.9 million tokens.
The rupture above $ 0.36 of resistance reached the increasing activity, with volumes that increased to 28.03 million at 07:00 and an amazing 82.75 million at noon on September 5. This demand influx promoted XLM to its daily maximum of $ 0.37, marking a decisive trial of bullish force. However, a strong investment in the final negotiation time eliminated those profits, since the sellers brought the price to the level of $ 0.36.
Despite the retreat of the late session, XLM closed the 1% period above its opening value, maintaining a widely bullish technical structure. The movement conforms to a broader trend: Stellar has published a surprising gain of 288% during the past year, which attracts institutional interest such as protocol 23 updates and cross -border payment solutions reinforce its long -term foundations.
That said, the competitive panorama is still intense. With the increase in PayFI platforms challenging Stellar’s market position, XLM faces increasing external pressures, even when the volumes suggest a solid participation of the merchant. For now, the combination of robust support levels and high demand provides a constructive backdrop, although volatility is likely to remain a defining characteristic of short -term pricing action.
Technical indicators show mixed signals
- Solid Support Foundation confirmed at $ 0.35 with a substantial volume support during the period of September 4, 20:00.
- The main ascending intervals materialize during the intervals of September 5, 07:00 and 12:00 with an exceptional volume expansion.
- Resistance penetration at $ 0.36 accelerated XLM to the session peak of $ 0.37.
- The reversal of the severe final hour began an intensive sales wave with an exceptional volume participation.
- The fundamental upward frame maintains integrity despite the pronounced setback of the closing session.
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