Stellar’s native token XLM surged 3.7% in the past 24 hours, climbing from $0.36 to $0.37 on heavy trading activity. The rally unfolded through two key breakout phases that highlighted both retail and institutional participation. The first breakout occurred on September 28 at 22:00, when XLM spiked to $0.37 on trading volume of 31.93 million units—well above the daily average of 18.47 million. A secondary surge followed the next day at 13:00, with another 31.61 million units exchanged, reinforcing bullish momentum.
The most explosive session came during the final hour of September 29. Between 13:10 and 14:09, XLM advanced 1.64%, with the breakout igniting at 13:42. A sudden candle at 13:43 recorded a volume spike of 1.9 million units, blasting through resistance at $0.366 and establishing a fresh uptrend channel. Prices briefly reached intraday highs of $0.372 before consolidating near $0.371 as volumes tapered.
This rally coincides with Stellar’s broader expansion strategy in the Asia-Pacific region. The project has been securing new cross-border payment partnerships with Southeast Asian banks while advancing its smart contract platform, Soroban. These initiatives strengthen Stellar’s role in blockchain-based payment infrastructure, particularly for international remittances. As financial institutions adopt blockchain solutions, Stellar positions itself as a serious contender in digital payments.
At the same time, retail traders remain drawn to XLM’s sub-$1 price point, perceiving it as an accessible entry into crypto markets. The blend of strong institutional interest, high-volume breakouts, and retail-friendly pricing underscores XLM’s dual appeal as both an innovation-driven and community-accessible asset.
With technical indicators showing sustained strength and support forming at $0.37, Stellar’s latest breakout reflects growing momentum and renewed confidence in the network’s long-term prospects.
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