Stellar’s XLM demonstrated remarkable resilience during the 24-hour session from 17 September 17:00 to 18 September 16:00 (UTC)Trade within a $ 0.02 corridor between $ 0.38 and $ 0.40.
The asset showed a sharp recovery after the early weakness with strong volume -driven progress of $ 0.39 around 19:00 and again at $ 0.40 near 15:00.
Transaction quantities of 40.04 million and 33.80 million on these levels both exceeded 24-hour averages of 30.47 million, emphasizing the company that buys interest rates. Repeated testing of the $ 0.40 Resistance zone highlighted the threshold as an important battlefield, while the support consolidated just below and pointed to stable accumulation.
The last hour’s trade turned out to be particularly strong, with XLM rising from $ 0.40 to a session high of $ 0.40 at. 15:36, supported by an increase in volume to 7.50 million – increased 24 times the typical hourly level. This great activity reinforced a breakout feature where buyers consistently defended the $ 0.40 level. Market behavior proposed sustained institutional participation and laid the basis for an extension of the 24-hour Uptrend.
Across the period, XLM set nearly 4%and climbed from $ 0.38 to $ 0.40. Trade data pointed to stable institutional positioning, with high volume movements that suggest in the longer term accumulation strategies rather than short -term speculative currents. The ability to have higher support levels, while repeatedly exploring resistance zones further confirmed Bullish Momentum.
Technical indicators Signalize still strength
- Trade Corridor of $ 0.02 makes up 5% difference between $ 0.38 floor and $ 0.40 ceiling below 24-hour session.
- Volume reinforced progress of $ 0.39 and $ 0.40 with $ 40.04 million. And 33.80 m volumes surpassing 30.47 m baseline.
- Primary resistance within $ 0.40- $ 0.40 territory with repeated testing demonstrating institutional commitment.
- Support establishment around $ 0.40- $ 0.40 indicating accumulation during the withdrawal of the market.
- Remarkably 60-minute volume acceleration of 7.50 m is 24 times standard Times Benchmark.
- Reliable support over $ 0.40 threshold after primary breakout configuration.
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