
XLM Gains 3.7% on Dual Breakouts, Final-Hour Rally Boosts Momentum
Stellar’s native token XLM surged 3.7% over the past 24 hours, climbing from $0.36 to $0.37 amid strong trading volumes. The rally was fueled by two distinct breakout phases and a decisive final-hour push, signaling renewed bullish momentum.
The first breakout occurred on September 28 at 22:00, driving XLM to $0.37 on volume nearly double the daily average, around 31.93 million units. A secondary surge at 13:00 on September 29 reinforced the uptrend, with 31.61 million units traded.
The most notable move came in the final hour of trading on September 29, when XLM jumped 1.64% between 13:10 and 14:09. A breakout at 13:42, accompanied by a sharp volume spike exceeding 1.9 million units on a single candle, pushed the token past resistance at $0.366 and established a new uptrend channel. Prices reached intraday highs near $0.372 before consolidating just below $0.371.
The rally coincides with Stellar’s expanding footprint in the Asia-Pacific region, including partnerships with Southeast Asian banks and development of its Soroban smart-contract platform. With a price still below $1, XLM continues to attract both retail investors and institutional participants, reinforcing its position as a growing player in cross-border financial infrastructure.
Technical Highlights:
- 24-hour range: $0.36–$0.37, 3.7% gain
- Initial breakout: $0.37 on Sept. 28, 31.93M units
- Secondary surge: $0.37 on Sept. 29, 31.61M units
- Final-hour rally: +1.64% (13:10–14:09), breakout at 13:42
- Intraday peak: ~$0.372, consolidation at $0.371
- Resistance cleared: $0.37, forming a new uptrend channel
The combined breakout phases and high-volume finish highlight XLM’s bullish momentum, showcasing the token’s growing adoption and strategic relevance in blockchain-based payments.
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