Market Overview for Stellar/Yen (XLMJPY) on 2026-01-01

Summary
• XLMJPY broke above 31.45 with bullish momentum, forming a strong higher high at 32.26.
• Volatility expanded in the final 5 hours, pushing price beyond the upper Bollinger Band.
• MACD crossed above zero with growing volume, confirming a potential short-term trend reversal.
• RSI reached 64, indicating moderate strength but not overbought conditions as of 12:00 ET.
• A key 5-minute bullish engulfing pattern formed at 09:15 ET, followed by sustained buying pressure.

Stellar/Yen (XLMJPY) opened at 31.30 on 2025-12-31 at 12:00 ET and closed at 32.06 on 2026-01-01 at 12:00 ET, reaching a high of 32.26 and a low of 30.94 during the 24-hour period. Total trading volume was 115,603.9 and notional turnover was approximately 3,698,240.28 JPY.

Structure & Candlestick Formations

XLMJPY exhibited a key bullish engulfing pattern at 09:15 ET, marking the beginning of a sustained upward move. A strong higher high at 32.26 was established near the end of the 24-hour period, with price showing clear rejection of the 31.12 support area.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 5-minute chart showed a bullish crossover during the overnight session. MACD crossed above zero with strong volume, suggesting a possible shift in momentum toward the upside.

RSI and Bollinger Bands

Relative Strength Index peaked at 64 during the 5-minute window ending at 14:15 ET, suggesting moderate strength but not yet overbought. Price remained above the upper Bollinger Band in the final 5 hours, indicating heightened volatility and a bullish breakout.

Volume and Turnover

Trading volume surged during the 08:45–09:15 ET window and again near the close, coinciding with significant price moves. Turnover expanded in tandem with volume, confirming the strength of the rally. No notable divergence was observed between volume and price action.

Fibonacci Retracements

The recent 5-minute swing from 30.94 to 32.26 includes a 61.8% retracement level near 31.69, which was tested and held multiple times before the final breakout. On the daily chart, the 38.2% retracement of the larger 31.12–31.82 move resides near 31.49, which acted as key resistance early in the period.

The market appears to be in a short-term bullish phase with strong momentum and key resistance levels in place. A retest of 31.45 could offer a potential entry point, but traders should remain cautious of potential pullbacks and monitor the 31.75–31.82 area for signs of consolidation. As always, liquidity conditions and broader market sentiment may influence volatility in the next 24 hours.