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

Summary
• Price surged 10.2% from 37.25 to 38.55 amid high-volume bullish momentum.
• Key resistance appears at 38.69, while support may hold near 37.92.
• RSI suggests overbought conditions, raising potential for pullback.
• Volatility expanded after 20:45 ET, with a 38.84 high driven by heavy buying.
• Volume spiked to 28,105.4 at 01:00 ET, but price closed lower, indicating mixed sentiment.

Stellar/Yen (XLMJPY) opened at 37.25 on 2025-12-11 12:00 ET and closed at 38.55 by 12:00 ET the following day, reaching a high of 38.69 and a low of 37.25. Total volume traded over 24 hours was 147,427.2, with a turnover of approximately ¥5,565,741.20, based on weighted average prices.

Structure & Formations

The 24-hour chart displayed multiple bullish engulfing patterns, particularly around 21:30 ET and 10:15 ET, suggesting strong buying pressure.

A key resistance level appears to be forming near 38.69, where the price tested this level twice but failed to break through. A potential support area lies near the 37.92–37.98 range, which was briefly retested during the late hours of the session.

Moving Averages and MACD

Over the 5-minute chart, the 20-period and 50-period moving averages showed a clear bullish crossover during the peak rally, confirming the strength of the upward move. The MACD remained positive for most of the session, peaking around 20:45 ET as the price surged to 38.84. This suggests strong momentum, although the divergence between price and MACD in the final hours hints at potential exhaustion.

RSI and Bollinger Bands

Relative Strength Index (RSI) climbed into overbought territory, peaking above 70 for a sustained period after the 38.84 high, indicating the pair may be due for a retracement. Volatility expanded significantly from 20:45 ET onward, with the price moving well above the upper Bollinger Band, suggesting heightened trader activity and increased price swings.

Volume and Turnover

The most notable volume spike occurred at 01:00 ET, with 28,105.4 contracts traded, yet the price closed lower at the session’s close, indicating possible profit-taking or order imbalances. A smaller but consistent volume build occurred around 20:45 ET, supporting the 38.84 high. However, the price action afterward showed divergence, with volume easing despite the continued bullish move.

Fibonacci Retracements

Fibonacci retracements drawn from the low of 37.25 to the high of 38.84 show the 38.55–38.60 level aligning with the 78.6% retracement, which may act as a temporary resistance. The 61.8% level at 38.34 also held briefly before the final push higher, suggesting that further consolidation could test the strength of these levels.

In the coming 24 hours, Stellar/Yen may consolidate within the 38.34–38.69 range, with a risk of a pullback toward 38.0–37.92 if bullish momentum fails to sustain. Traders should monitor the 38.69 resistance and watch for any divergence in momentum indicators, as a breakdown of the 38.45 level could signal renewed bearish pressure.