Stellar’s XLM token has demonstrated impressive resilience in the last 24 hours, going from $ 0.36 to a session peak of $ 0.37 before ending up at $ 0.36. This decision represented an intra -day range of 5%, underlined by a strong negotiation activity which indicated increased market participation. In particular, the asset found a solid base at $ 0.35 during the evening session of September 4, with a dynamic of purchase confirmed by volumes exceeding 16.9 million tokens.
The escape greater than $ 0.36 arrived on the activity of the rise in power, with volumes at 28.03 million at 07:00 and 82.75 million people at noon on September 5. This influx of demand propelled XLM to its daily top of $ 0.37, marking a decisive bubble force test. However, a net reversal in the time of final negotiation has wiped out these gains, because the sellers brought the price back at $ 0.36.
Despite the late decline, XLM closed the period of 1% above its opening value, maintaining a largely raised technical structure. This decision is part of a broader trend: Stellar has displayed a striking gain of 288% in the past year, attracting institutional interests while upgrades to protocol 23 and cross -border payment solutions strengthen its fundamentals in the long term.
That said, the competitive landscape remains intense. With the rise of PAYFI platforms contesting the position of the Stellar market, XLM faces rising external pressures, even if the volumes suggest a strong commitment to traffic. For the moment, the combination of robust support and high demand levels provides a constructive backdrop, although volatility is probably a decisive characteristic of short -term price action.
Technical indicators show mixed signals
- Solid Support Foundation confirmed $ 0.35 with substantial volume support for September 4, 8:00 p.m.
- Major Upward Breakout was materialized on September 5 07:00 am and 12:00 pm intervals with an exceptional volume expansion.
- Resistance penetration at $ 0.36 accelerated XLM to the session peak of $ 0.37.
- A severe time reversal launched an intensive wave of sales with an exceptional participation in volume.
- The fundamental bullish frame maintains integrity despite the pronounced closure withdrawal.
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