Stellar Lumens (XLM) extended its recent rally, climbing from $0.3240 to $0.3314 over the 24-hour period ending October 28, marking a 2.3% gain.
The breakout above the $0.3250 resistance level at 06:00 came on strong volume of 71.5 million, driving prices to an intraday high of $0.3383 before stabilizing near current levels.
Trading activity peaked at 190.5 million during the European session — a level consistent with institutional participation — as price action consolidated above the breakout zone.
The bullish setup remains intact despite short-term volatility, supported by a clear ascending structure of higher lows from $0.3219 to $0.3314.
While XLM briefly pulled back from $0.333 to $0.331 amid selling volume of 11.8 million, the stabilization near the $0.3315 support level suggests continued accumulation.
Beyond the charts, institutional sentiment continues to strengthen. At SWIFT’s SIBOS conference, analysts highlighted Stellar’s growing role in next-generation payment system adoption, underscoring the network’s potential to bridge traditional finance with real-time blockchain settlement.
Technical analysis
Support / Resistance:
- Primary support established at $0.3315
- Resistance targeting $0.335 retest zone
Volume Analysis:
- 190.5M peak volume during the European session
- Confirms institutional participation in the breakout
Chart Structure:
- Ascending pattern with higher lows from $0.3219 → $0.3314
- Structure remains intact despite recent pullback
Targets & Risk Management:
- Upside target: $0.335 resistance zone
- Stop-loss: Below $0.3240 breakout level
- Favorable risk/reward setup for continuation higher
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