by Coinstrooper Crypto Articles
Quick Take
  • 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.
  • 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.

What Happened

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.

Breakout launches at 13:42 with volume erupting past 1.9 million units on 13:43 candle

Market Context

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.

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.

Initial breakout hits $0.37 at September 28 22:00 on 31.93 million unit volume, crushing 18.47 million daily average

Secondary surge reaches $0.37 at September 29 13:00 with 31.61 million unit volume spike

Price smashes $0.37 resistance, establishing fresh uptrend channel structure

Consolidation near $0.37 on declining volume in closing minutes

Why It Matters

Technical Indicators Signal Continued Strength

Details

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

Final 60 minutes from 13:10 to 14:09 deliver explosive 1.64% acceleration

Support base forms at $0.37 with session peak touching $0.37

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.