XLM exchanged in a narrow strip between $ 0.39 and $ 0.41 on a 24 -hour section ending on August 21, reflecting a consolidation phase before a potential movement. The sellers crowned several times at $ 0.41, while buyers defended support at $ 0.40, which maintains volatility. A gradual drop in volume suggested that traders positioned themselves for an attempted rupture.
This escape arrived in the last hour of negotiation, when XLM joined $ 0.396 to $ 0.399. A high purchase momentum crossed the level of resistance of $ 0.398, accompanied by a high increase in volume greater than 1.5 million chips exchanged. The push set is high intraday fresh, strengthening a short -term bullish configuration.
The wider market currents also support the increase in the demand for tokens focused on payment. The change in commercial dynamics, the evolution of stall frames and the risks of increased inflation linked to the pressures of the supply chain reshape the world landscape of payments. In this context, the recent XLM force reflects an increasing interest in the alternatives of settlement based on blockchain.
Technical indicators indicate a bullish momentum
- The price action broke out by the level of key resistance of $ 0.398 with a high volume confirmation.
- A negotiation range of $ 0.01 or 3% indicates the volatility contained before rupture.
- A volume peak greater than 1.55 million in the last hour suggests an institutional interest.
- Support established a level of about $ 0.40 with several successful rebounds.
- The drop in the volume trend was reversed during the rupture, indicating a renewed conviction.
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