XLM Climbs 3.5% to $0.25 as Technical Recovery Gains Momentum

Stellar's XLM token saw a significant gain of 3.53%, reaching $0.2508 and outperforming the broader crypto market, supported by a 23% surge in trading volumes above weekly averages. This rally pushed XLM toward a key technical resistance level at $0.2540. Despite a large overnight surge in traded tokens reinforcing support near $0.2443, momentum shifted late in the session due to heavy sell orders, causing a drop to $0.2449, which indicated profit-taking and emerging downside risks.

Traders are now focused on whether XLM can break the $0.2540 resistance or if the late weakness will lead to a retest of support around $0.2420. Key technical support is noted at $0.2422, with resistance at $0.2540, suggesting elevated volatility may continue in the near term due to volume and shifting institutional flows.

(Source：CoinDesk)