Market Overview: Stellar/Yen (XLMJPY) 24-Hour Analysis

Summary
• XLMJPY tested key support near ¥32.13 before rebounding, forming a bullish engulfing pattern.
• Momentum slowed in the final hours as RSI approached overbought territory at 68.
• Volatility spiked during the ¥32.50–33.10 range, with turnover surging above ¥1.1M.
• Price closed above 50-period and 20-period moving averages, reinforcing bullish bias.
• Bollinger Band contraction in early session preceded a sharp expansion during the ¥32.70–33.10 rally.

Stellar/Yen (XLMJPY) opened at ¥32.37 on 2026-01-01 at 12:00 ET, reaching a high of ¥33.30 and a low of ¥32.13, closing at ¥33.28 on 2026-01-02 at 12:00 ET. Total volume for the 24-hour window was 337,246.6 XLM, with a notional turnover of ¥11.1M.

Structure & Moving Averages

Price rebounded from the ¥32.13 support level during the early hours, forming a bullish engulfing pattern at the 02:45–03:00 ET timeframe. On the 5-minute chart, price closed above both the 20-period and 50-period moving averages, reinforcing a short-term bullish bias. On a broader scale, the 50-period daily moving average remains above ¥32.60, suggesting that a sustained move above this level could trigger further upside.

Momentum and Volatility

Momentum, as measured by MACD, expanded positively during the ¥32.70–33.10 rally, particularly after 10:00 ET when a sharp upswing occurred. RSI reached 68 in the final hours, indicating near-overbought conditions. Volatility, as measured by Bollinger Bands, contracted before 18:00 ET, followed by a sharp expansion during the ¥32.70–33.10 move. This suggests a period of consolidation preceding a breakout.

Volume and Divergences

Volume surged during the ¥32.70–33.10 rally, particularly between 10:00 and 14:45 ET, where over ¥1.1M in turnover was recorded. Notably, the 14:45–15:00 ET candle alone accounted for ¥1.11M in turnover. The strong volume-to-price alignment supports the breakout above ¥33.10. However, no significant divergence was observed between price and volume, suggesting the momentum is intact for now.

Key Levels and Fibonacci

The ¥32.13 level acted as strong support, aligning with a 61.8% Fibonacci retracement level from the ¥32.72–32.13 swing. Resistance appears to have shifted to ¥33.14–33.30, where the 38.2% retracement of the recent ¥32.13–33.19 move overlaps with a key psychological level. A close above ¥33.30 could trigger a test of ¥33.60 in the next 24 hours.

The price action suggests that XLMJPY has cleared a key support level and is now consolidating within a tightening range. A sustained move above ¥33.30 could attract further buyers, while a retest of ¥32.13 remains a risk if momentum falters. Investors may watch for a breakout beyond ¥33.30 or a rejection at the 20-period moving average as key signals for the next 24 hours.