XLM Rises on Institutional Volume, Targets $0.285 After $0.2663 Hold
Stellar’s XLM has gained bullish momentum after institutional buying drove volume 78% above its 24-hour average and 59.6% above the weekly average. The token recently broke above key resistance at $0.281 before consolidating in a $0.2663–$0.2777 range. Institutional flows peaked at 127.2 million tokens during support tests and 45.09 million at resistance, with intraday spikes of 2.5 million and 1.5 million tokens reinforcing demand. XLM holds short-term support at $0.2663, $0.270 and $0.276 while clearing intermediate resistance at $0.2690–$0.2705. Technical setups now target $0.2720–$0.2730 as the next upside zone, with a primary objective to revisit $0.285–$0.2777 highs. Traders should monitor volume continuation for confirmation and use support levels for risk management.
Bullish
This news is bullish for XLM. The significant institutional-driven volume surge and successful breakout above resistance signal strong demand, setting clear upside targets at $0.2720–$0.285 while maintaining robust support levels. In the short term, continued high volume may drive further rallies as traders chase momentum. Over the longer term, sustained institutional accumulation and the clearing of key resistance levels could underpin a broader uptrend, improving market sentiment and stability for XLM.