Stellar’s XLM demonstrated notable resilience during the 24-hour session from Sept. 17, 17:00 to Sept. 18, 16:00 (UTC), trading within a $0.02 corridor between $0.38 and $0.40.
The asset showed a sharp recovery following early weakness, with strong volume-driven advances at $0.39 around 19:00 and again at $0.40 near 15:00.
Transaction volumes of 40.04 million and 33.80 million at these levels both exceeded the 24-hour average of 30.47 million, underscoring firm buying interest. Repeated testing of the $0.40 resistance zone highlighted the threshold as a key battleground, while support consolidated just below, pointing to steady accumulation.
The final hour of trading proved particularly strong, with XLM rising from $0.40 to a session high of $0.40 at 15:36, backed by a surge in volume to 7.50 million—roughly 24 times the typical hourly level. This outsized activity reinforced a breakout move, with buyers consistently defending the $0.40 level. Market behavior suggested sustained institutional participation, laying the foundation for an extension of the 24-hour uptrend.
Across the period, XLM appreciated nearly 4%, climbing from $0.38 to $0.40. Trading data pointed to steady institutional positioning, with high-volume moves suggesting longer-term accumulation strategies rather than short-term speculative flows. The ability to hold higher support levels while repeatedly probing resistance zones further confirmed bullish momentum.
Technical Indicators Signal Continued Strength
- Trading corridor of $0.02 constituting 5% differential between $0.38 floor and $0.40 ceiling during 24-hour session.
- Volume-reinforced advances at $0.39 and $0.40 with 40.04M and 33.80M volumes surpassing 30.47M baseline.
- Primary resistance within $0.40-$0.40 territory with repeated testing demonstrating institutional engagement.
- Support establishment around $0.40-$0.40 indicating accumulation during market pullbacks.
- Remarkable 60-minute volume acceleration of 7.50M constituting 24 times standard hourly benchmark.
- Reliable support above $0.40 threshold following primary breakout configuration.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
