Saad Ullah
Stellar just made a big move, breaking through $0.398 resistance with massive volume after sitting tight for 24 hours. XLM traders are now watching closely as macro trends favor payment tokens.
XLM Breaks Out After Tight Range Trading
XLM spent 24 hours stuck between $0.39 and $0.41, with sellers capping moves above $0.41 while buyers defended $0.40 support. Then came the breakout – XLM shot from $0.396 to $0.399 in the final trading hour, smashing through the $0.398 resistance wall.
What made this move special was the volume spike. Over 1.5 million tokens changed hands during the breakout, suggesting institutional money rather than retail FOMO. The tight 3% range before the move shows big players were positioning themselves, waiting for the right moment.
Why Stellar (XLM) is Getting Attention Now
It's not just about technical levels – the bigger picture is driving real demand for payment tokens. Trade policies are shifting globally, and businesses need faster, cheaper ways to move money across borders. Traditional banks are too slow and expensive.
Stablecoin rules are getting clearer, meaning institutions can finally use these networks seriously. Stellar's platform handles multiple currencies with a built-in exchange, perfect for cross-border payments. Add inflation concerns and supply chain issues, and XLM sits in the sweet spot of this trend.
What's Next for XLM Price?
Breaking $0.398 with that volume usually means more upside is coming. With support at $0.40 and fresh highs being set, XLM has room to run. If the crypto market stays friendly to payment tokens, this could be just the beginning of a bigger move.
Saad Ullah
