Stellar’s XLM demonstrated notable resilience during the 24-hour session from Sept. 17, 17:00 to Sept. 18, 16:00 (UTC), trading within a $0.02 corridor between $0.38 and $0.40. The asset showed a sharp recovery following early weakness, with strong volume-driven advances at $0.39 around 19:00 and again at $0.40 near 15:00. Transaction volumes of 40.04 million and 33.80 million at these levels both exceeded the 24-hour average of 30.47 million, underscoring firm buying interest. Repeated testing of the $0.40 resistance zone highlighted the threshold as a key battleground, while support consolidated just below, pointing to steady accumulation. The final hour of trading proved particularly strong, with XLM rising from $0.40 to a session high of $0.40 at 15:36, backed by a surge in volume to 7.50 million—roughly 24 times the typical hourly level. This outsized activity reinforced a breakout move, with buyers consistently defending the $0.40 level. Market behavior suggested sustained institutional participation, laying the foundation for an extension of the 24-hour uptrend. Across the period, XLM appreciated nearly 4%, climbing from $0.38 to $0.40. Trading data pointed to steady institutional positioning, with high-volume moves suggesting longer-term accumulation strategies rather than short-term speculative flows. The ability to hold higher support levels while repeatedly probing resistance zones further confirmed bullish momentum. Technical Indicators Signal Continued Strength Trading corridor of $0.02 constituting 5% differential between $0.38 floor and $0.40 ceiling during 24-hour session. Volume-reinforced advances at $0.39 and $0.40 with 40.04M and 33.80M volumes surpassing 30.47M baseline. Primary resistance within $0.40-$0.40 territory with repeated testing demonstrating institutional engagement. Support establishment around $0.40-$0.40 indicating accumulation during market pullbacks. Remarkable 60-minute volume acceleration of 7.50M constituting 24 times standard hourly benchmark. Reliable support above $0.40 threshold following primary breakout configuration. 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 .
