Market Overview for Stellar/Yen (XLMJPY)

Summary
• XLMJPY surged from 34.29 to 36.69, forming a strong bullish trend with key resistance near 36.70.
• Volume spiked sharply after 2026-01-03 17:00 ET, confirming upward momentum.
• RSI approached overbought territory, suggesting potential pullback risks ahead.
• Bollinger Bands expanded, signaling increased volatility and price extension beyond upper band.
• No clear bearish reversal patterns emerged, though price may consolidate near 36.52–36.66.

24-Hour Snapshot

Stellar/Yen (XLMJPY) opened at 34.29 on 2026-01-03 12:00 ET, reaching a high of 36.69 before closing at 36.63 at 12:00 ET on 2026-01-04. Total volume was 178,956.1, while notional turnover amounted to 6,159,989.5 JPY.

Structure & Formations

The price action on the 5-minute chart displayed a strong ascending trend, breaking above a prior resistance level around 35.26 and extending to new highs. A bullish engulfing pattern emerged around 05:30 ET, supporting the continuation of the upward trend. A doji near 36.63 at 12:00 ET may signal short-term indecision, but no strong bearish reversal formations appeared.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are steeply bullish, with price staying above both. On a daily timeframe, the 50- and 100-period moving averages are aligned in a positive slope, reinforcing a broader uptrend.

Momentum & Volatility

Relative Strength Index (RSI) reached 78 by late ET, nearing overbought levels, which could indicate a near-term pullback. The MACD histogram showed positive divergence with bullish momentum amplifying toward the close. Bollinger Bands widened significantly as price extended past the upper band, indicating heightened volatility and a potential retest of key support levels.

Volume & Turnover

Trading volume surged above 10,000 units after 19:00 ET, coinciding with the price break above 35.26. Notional turnover confirmed the bullish action, with a sharp increase in buying pressure after 09:00 ET. A divergence between declining volume and rising price near 12:00 ET suggests caution for near-term buyers.

Key Retracement Levels

Fibonacci retracements from the 34.29–36.69 swing identified potential support at 36.01 (38.2%) and 35.35 (61.8%). A pullback to these levels may see renewed buying interest, but a break below 35.26 could test earlier support.

Price may consolidate near 36.52–36.66 in the short term, but a continuation above 36.70 could target 37.00. Investors should monitor RSI and volume for signs of exhaustion and be cautious of short-term volatility.