Stellar’s XLM Rises 3.6%, Breaking Key Resistance Amid Bullish Signals

Stellar’s XLM surged 3.62% to $0.3004 on Tuesday, breaking above a key resistance level as trading volume spiked nearly 19% above its 30-day average. This impressive move outperformed the broader cryptocurrency market by 4.86%, pushing XLM closer to the 5% relative strength threshold that often signals the start of major breakout trends.

Trading activity intensified during European hours, with volume peaking at 68.52 million shares—78% higher than its 24-hour moving average. These strong inflows confirmed a clean breakout through the $0.3020 resistance level. Following the breakout, XLM consolidated gains between $0.3020 and $0.3100, establishing firm support around $0.3058.

Analysts are watching closely as XLM approaches the upper boundary of a seven-year symmetrical triangle pattern. Chartered Market Technician Aksel Kibar notes that price compression since 2018 has created a setup with significant breakout potential. He projects a possible move toward $1.52, representing a remarkable 446% rally from current prices if the token exits its multi-year consolidation phase.

For traders, the focus now shifts to whether XLM can sustain momentum above resistance and confirm a long-term breakout. The surge in institutional participation at the $0.3020 level, combined with consistent buying on pullbacks, signals strengthening demand. Alongside the token’s clear outperformance of the market, these factors suggest that XLM could be on the verge of a sustained bullish phase.

### Key Technical Levels Signal Momentum Shift for XLM

**Support/Resistance**
– Primary support is established at $0.3058, having held through multiple successful tests.
– Resistance formed at the $0.3118 session high, with ongoing consolidation between $0.3020 and $0.3100.

**Volume Analysis**
– Peak activity of 68.52 million shares (78% above the 24-hour simple moving average) occurred at 09:00, validating the breakout above $0.3020 resistance.

**Chart Patterns**
– A double-wave rally pattern has emerged, featuring an ascending trend with higher lows at $0.2790, $0.2845, and $0.2915 across an 11.6% total range.

**Targets & Risk/Reward**
– The immediate resistance zone lies between $0.3045 and $0.3050.
– The longer-term triangle breakout target is $1.52, representing 446% upside potential if the seven-year symmetrical triangle pattern resolves to the upside.

With these technical factors aligned, traders and investors will be monitoring XLM closely to see if it can maintain momentum and break out sustainably, potentially ushering in a new bullish era for Stellar’s native token.
https://bitcoinethereumnews.com/tech/stellars-xlm-rises-3-6-breaking-key-resistance-amid-bullish-signals/

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