Stellar XLM Volume Jumps as Price Attempts to Stabilize
Stellar XLM trading volume climbed sharply in the past 24 hours as the asset attempted to recover from its recent monthly drop, drawing renewed market attention while key resistance levels remain out of reach.
Stellar XLM saw a 37% rise in trading volume, reaching $227.7 million as shared by Scopuly — Stellar Wallet on social platform X. The token traded around $0.2537 after gaining 5.46%, though it slipped 2% from its intraday high of $0.2625. This activity came after a challenging month in which XLM shed 13% of its value.
The volume increase brought fresh interest to the market, yet XLM still trades below established resistance at $0.28 and $0.30. These levels have not been breached since November 13, keeping the asset within a restricted range. Market participants remain focused on whether current activity can extend beyond short-lived rebounds.
Scopuly noted that the recent surge may challenge the prevailing bearish outlook. However, traders recall a similar move just ten days earlier when XLM rose 8% before losing strength again. This pattern created a cautious environment as participants evaluated the sustainability of the ongoing move.
While the recent rise improved short-term sentiment, the market continues to weigh the possibility of another pullback. Continued inability to clear resistance leaves XLM vulnerable to quick reversals.
Key Levels Unbroken as Risk of Retest Nears
Stellar XLM remains below the $0.28 and $0.30 barriers, forming the central technical focus for traders watching the evolving structure. These levels continue to define the upper boundary of XLM’s range, and sustained momentum is required to challenge them.
The asset’s recent recovery attempts have not yet established broader strength. Despite the rise in volume, traders note that the price still lacks confirmation for a trend shift. Without a follow-through move, XLM could struggle to maintain its position above current levels.
Scopuly’s update also pointed to the lower boundary near $0.20, which may come into play if momentum fades again. That zone serves as a critical support area that previously helped stabilize market conditions. A retest would return XLM to a defensive posture.
The next sessions will determine whether volume remains elevated. A consistent rise could support a sustained rally and help recover lost market capitalization. Without stronger buying interest, XLM’s recent lift may remain temporary as market participants watch for clearer direction.
- •Stellar XLM saw a very strong increase in trading volume as the asset attempted to recover recent losses while staying below its main resistance levels.
- •Following the more than 5% gain on the token, market activity demonstrated a renewed interest in Stellar XLM, although previous rebound attempts struggled to maintain momentum.
- •XLM risks a possible return to support near $0.20 if buying strength abates, but rising volume suggests that traders are paying close attention to the current move.