XLM Rally: Breakout and Volume Power Stellar’s Gains

Strong XLM Rally Driven by Breakout and Trading Volumes

Stellar’s native cryptocurrency, XLM, surged 3.7% over the past 24 hours, increasing from $0.36 to $0.37 on significant trading volumes. This XLM rally began with a major breakout on September 28 at 22:00, when the token reached $0.37 in a session that saw trading volume nearly double its daily average. The momentum continued with a second wave at 13:00 on September 29, further reinforcing bullish sentiment. Both surges were marked by volumes exceeding 31 million units, reflecting considerable market engagement.

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Breakout Activity Establishes New Uptrend

The final hour of trading on September 29 was particularly active for XLM. Between 13:10 and 14:09, the token advanced by 1.64%. An especially notable breakout at 13:42 was accompanied by a dramatic volume spike of over 1.9 million units within a single minute. This uptick pushed XLM past resistance at $0.366, which initiated a new upward channel and propelled the price to intraday highs close to $0.372. The XLM rally then leveled off, consolidating just below these highs as volume subsided toward the session’s close.

Stellar Expands Asia-Pacific Reach, Fuels Momentum

Support for XLM has been driven not only by market action but also by Stellar’s ongoing efforts to broaden its influence in the Asia-Pacific region. The Stellar network has been forging new cross-border payment partnerships with banks across Southeast Asia. Additionally, the development of Soroban, Stellar’s smart-contract platform, has been aimed at expanding the network’s functionality. These strategic initiatives coincide with a broader trend of blockchain adoption in traditional finance, particularly related to international payment infrastructure.

The relatively low price point of XLM, trading below $1.00, continues to attract retail traders who seek accessible blockchain investments. The XLM rally also reflects increasing institutional interest, highlighted by the volume surges during the breakout episodes. As a result, Stellar is seen as well-positioned in both retail and institutional segments of the digital asset market.

What’s Next for XLM?

As XLM consolidates near $0.37, market watchers are monitoring whether current momentum can sustain further advances or if consolidation will persist. Ongoing development efforts, coupled with rising demand for cross-border blockchain payments, may continue to influence the token’s price movements. The recent XLM rally has placed renewed focus on Stellar’s strategy for expansion and innovation.

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