Stellar's XLM token surged 3.62% to $0.3004, breaking through a significant resistance level as trading volume increased by nearly 19% above its 30-day average. This price movement outperformed the broader cryptocurrency market by 4.86%. During European trading hours, XLM's trading activity peaked at 68.52 million shares, marking a 78% increase over the 24-hour moving average.
Analysts are closely watching XLM's movement towards the upper boundary of a seven-year symmetrical triangle pattern. If the breakout is confirmed, the token could potentially target a price of $1.52, indicating a significant upward trajectory for Stellar's native cryptocurrency.
Stellar's XLM Jumps 3.6% on Key Resistance Breakout
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