“XLM surged past the $0.3020 resistance on strong institutional volume, outperforming the crypto market as analysts eye a possible seven-year triangle breakout targeting $1.52.”, — write: www.coindesk.com
Trading activity intensified during European hours, with volume peaking at 68.52 million shares—78% higher than its 24-hour moving average. The strong inflows confirmed a clean breakout through the $0.3020 resistance level, as XLM consolidated gains between $0.3020 and $0.3100, establishing firm support around $0.3058.
Analysts are watching closely as XLM approaches the upper boundary of a seven-year symmetrical triangle pattern. Chartered Market Technician Aksel Kibar notes that price compression since 2018 has created a setup with significant breakout potential, projecting a possible move toward $1.52—representing a 446% rally from current prices if the token exits its multi-year consolidation.
For traders, the focus now shifts to whether XLM can sustain momentum above resistance and confirm a long-term breakout. The surge in institutional participation at the $0.3020 level and consistent buying on pullbacks signal strengthening demand. Combined with the token’s clear outperformance of the market, these factors suggest XLM could be on the verge of a sustained bullish phase.
XLM/USD (TradingView)
Key Technical Levels Signal Momentum Shift for XLMSupport/Resistance: Primary support established at $0.3058 with multiple successful tests; resistance formed at $0.3118 session high with consolidation between $0.3020-$0.3100
Volume Analysis: Peak activity of 68.52M shares (78% above 24-hour SMA) occurred at 09:00, validating breakout through $0.3020 resistance level
Chart Patterns: Double-wave rally pattern emerged with ascending trend showing higher lows at $0.2790, $0.2845, and $0.2915 across 11.6% total range
Targets & Risk/Reward: Immediate resistance zone at $0.3045-$0.3050 with longer-term triangle breakout target at $1.52 representing 446% upside potential if seven-year pattern resolves higher
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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