Stellar’s XLM Breaks Resistance, Eyes $1.52 Target

Stellar’s XLM surged 3.62% on Tuesday, breaking above the $0.3020 resistance level as trading volume spiked. The move outperformed the broader crypto market by 4.86%, bringing XLM closer to a key relative strength threshold.

XLM’s price action was accompanied by a nearly 19% increase in trading volume above its 30-day average. This breakout occurred as institutional buying intensified around the $0.3020 resistance level, with volume peaking at 68.52 million shares. The token consolidated between $0.3020 and $0.3100, establishing support around $0.3058.

Analysts are focused on a seven-year symmetrical triangle pattern, which, if resolved, could push XLM’s price toward $1.52—a potential 446% increase. This pattern has seen price compression since 2018.

The surge in institutional participation and consistent buying on pullbacks suggest strengthening demand. Traders are now evaluating whether XLM can sustain momentum above resistance to confirm a long-term breakout.

Key support is currently established at $0.3058, while the session high of $0.3118 represents immediate resistance. Volume analysis shows peak activity validating the breakout, and a double-wave rally pattern suggests continued upward momentum. The projected target for a successful triangle breakout remains at $1.52.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.