Stellar XLM demonstrated a notable resilience during the 24 -hour session from September 17, 5:00 p.m. September 18, 4:00 p.m. (UTC)Negotiation within a $ 0.02 corridor between $ 0.38 and $ 0.40.
The asset showed a strong recovery after early weakness, with strong volume advances at $ 0.39 around 19:00 and again at $ 0.40 around 15:00.
Transaction volumes of 40.04 million and 33.80 million at these levels exceeded the average of 24 hours of 30.47 million, which underlines the purchase of the company. The repeated tests of the $ 0.40 resistance zone highlighted the threshold as a key battlefield, while the support was consolidated just below, pointing to a constant accumulation.
The last time of negotiation was particularly strong, with XLM increasing from $ 0.40 to a $ 0.40 session at 15:36, backed by an increase in volume to 7.50 million, every 24 times the typical time level. This huge activity reinforced a breakup movement, and the buyers constantly defended the level of $ 0.40. Market behavior suggested a sustained institutional participation, establishing the bases for an extension of the 24 -hour upward trend.
Throughout the period, XLM appreciated almost 4%, rising from $ 0.38 to $ 0.40. Commercial data pointed to constant institutional positioning, with high volume movements that suggest long -term accumulation strategies instead of short -term speculative flows. The ability to contain higher support levels while resistance zones repeatedly probes even more confirmed a bullish impulse.
Technical indicators Continuous force signal
- Negotiation Corridor of $ 0.02 that constitutes a 5% differential between the $ 0.38 floor and the $ 0.40 ceiling during the 24 -hour session.
- The reinforced advances with volume at $ 0.39 and $ 0.40 with 40.04MY 33.80m volumes exceed the baseline of 30.47 m.
- Primary resistance within $ 0.40- $ 0.40 territory with repeated tests that demonstrate an institutional commitment.
- Support establishment around $ 0.40- $ 0.40 indicating accumulation during market setbacks.
- Notable volume acceleration of 60 minutes of 7.50m that constitutes 24 times the reference point per standard hour.
- Reliable support above the threshold of $ 0.40 after the primary break configuration.
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