XLM Surges 3.7% as Final-Hour Breakout Drives Fresh Momentum
The post XLM Surges 3.7% as Final-Hour Breakout Drives Fresh Momentum appeared on BitcoinEthereumNews.com.
Stellar’s native token XLM posted a strong rally over the past 24 hours, climbing 3.7% from $0.36 to $0.37 on heavy trading activity. The move was fueled by two distinct breakout phases: an evening surge on September 28 at 22:00 that carried prices to $0.37 on volume nearly double the daily average, followed by a secondary push at 13:00 the next day that reinforced bullish momentum. Both sessions were supported by elevated volumes above 31 million units, signaling broad market participation. The final hour of trading on September 29 proved particularly explosive, with XLM advancing 1.64% between 13:10 and 14:09. A breakout began at 13:42, marked by a sharp volume spike exceeding 1.9 million units on a single candle. That surge carried the price through resistance at $0.366, establishing a fresh uptrend channel. XLM went on to touch intraday highs near $0.372 before consolidating just below at $0.371 as volumes tapered off. Momentum for Stellar’s token comes as the project continues expanding its footprint in the Asia-Pacific region. Stellar has been strengthening its cross-border payment partnerships with Southeast Asian banks while developing Soroban, its smart-contract platform designed to broaden the network’s capabilities. These moves align with increasing adoption of blockchain-based payment infrastructure within traditional finance, particularly for international transfer systems. With XLM still trading under the $1.00 threshold, the token has also drawn retail traders who view lower-priced digital assets as accessible entry points into blockchain ecosystems. Combined with the institutional interest highlighted by the high-volume breakouts, Stellar’s recent performance underscores its positioning as both a retail-friendly token and a serious contender in cross-border financial innovation. XLM/USD (TradingView) Technical Indicators Signal Continued Strength XLM climbs from $0.36 to $0.37 with $0.01 range posting 3.70% gains in 24-hour session ending September 29 14:00 Initial breakout hits $0.37 at September 28 22:00…
Filed under: News - @ September 30, 2025 3:27 am