Stellar (XLM) Gains 1.7% in 24 Hours, Trading Volume Surges 21.7%

Stellar (XLM) has been consolidating in a bullish pennant pattern on the 2-hour chart, maintaining a position above $0.4710. Over the past 24 hours, XLM has experienced a 1.7% gain, continuing its upward trajectory within the technical pattern. The price action remains compressed as the pattern approaches its apex, following a sharp rally that began earlier in July. Market participants are anticipating a decisive move as the pattern develops.

The current price of XLM is oscillating between resistance at $0.4809 and support at $0.4469. The narrow 24-hour range indicates low volatility despite the increased trading activity. The asset has shown some buyer interest, remaining above the support level of $0.4469. The price structure remains intact despite near-term pullbacks, and the symmetrical formation has yet to break.

The last 24 hours have seen a significant increase in trading volume for XLM, surging by 21.7% to reach $1.7 billion. This volume boost is accompanied by a 1.78% increase in market capitalization, which now stands at $14.64 billion. The rise in volume, coupled with the price moving above the support line on the pennant, suggests growing market interest at current prices. The price action has stayed closely aligned with the pattern’s upper boundary, and with volume increasing and price compressing, a breakout move remains technically possible. The market’s unlocked capitalization stands at $23.7 billion, providing context for the current valuation against potential future movements.

Technical projections tied to the bullish pennant suggest that, in the event of an upside breakout, XLM could target a rally of 40–45%. This would place the next significant price zone near $0.66, based on the pennant’s height. While no breakout has yet occurred, the pattern’s symmetry and prior price surge offer a clear roadmap if momentum strengthens. As XLM continues to hover near the resistance zone at $0.4809, the short-term outlook depends on price behavior around the pennant’s edge. Any strong momentum candle closing above the formation may initiate a rapid upward move. Until then, the $0.4469–$0.4809 range remains a critical area for observation.