The Stellar XLM increased by 4% in the last 24 hours, from $ 0.39 to $ 0.40 with a brief push above $ 0.41. Negotiation volumes have increased more than double the daily average, establishing support at $ 0.40 and resistance almost $ 0.41, reporting potential consolidation before the next movement.
The rally followed the integration of Bitcoin.com Wallet of Stellar, giving millions of users access to its low -cost payment network and DEFI tools. The news coincided with increased volatility while XLM has repeatedly tested the level of $ 0.41 while maintaining key support.
Institutional demand also feeds momentum, traditional finances showing growing interests for blockchain -based payments. A high volume during the breakdown highlights an increase in market commitment while XLM crosses the areas of psychological resistance.
Short -term action has strengthened this trend: between 13:11 and 14:10 UTC on October 2, XLM briefly increased to $ 0.41 on negotiation volumes almost double the hourly average, highlighting a robust optimistic feeling despite short -term resistance.
Technical measures indicate a persistent force
- Rallye developed through two separate phases with an initial progress at $ 0.40 followed by a decisive rupture exceeding $ 0.41 during night sessions.
- Negotiation volumes in progress of 90.15 million and 61.23 million documented, considerably higher than a 24 -hour reference of 36.85 million.
- The essential support was formed at $ 0.40 with substantial volume support while resistance materialized around $ 0.41.
- Volume increases exceeded 1.4 million during periods at 1:45 p.m. and 1:51 p.m., exceeding the time reference of 750,000.
- Repeated resistance challenges close to $ 0.41 with stabilization of the support around $ 0.40 threshold.
- A robust ascending trajectory kept with balanced profit -taking advantage of an essential psychological barrier of $ 0.40.
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