Stellar’s XLM rose 4% in the past 24 hours, climbing from $0.39 to $0.40 with a brief push above $0.41. Trading volumes surged to more than double the daily average, establishing support at $0.40 and resistance near $0.41, signaling potential consolidation before the next move. The rally followed Bitcoin.com Wallet’s integration of Stellar, giving millions of users access to its low-cost, fast payment network and DeFi tools. The news coincided with heightened volatility as XLM repeatedly tested the $0.41 level while holding key support. Institutional demand is also fueling momentum, with traditional finance showing growing interest in blockchain-based payments. Strong volume during the breakout highlights rising market engagement as XLM pushes through psychological resistance zones. Short-term action reinforced this trend: between 13:11 and 14:10 UTC on October 2, XLM briefly spiked to $0.41 on trading volumes nearly double the hourly average, underscoring robust bullish sentiment despite near-term resistance. Technical Metrics Indicate Persistent Strength Rally developed through two separate phases featuring initial advancement to $0.40 followed by decisive breakout exceeding $0.41 during overnight sessions. Outstanding trading volumes of 90.15 million and 61.23 million documented, substantially above 24-hour benchmark of 36.85 million. Essential support formed at $0.40 with substantial volume backing while resistance materialized around $0.41. Volume surges surpassed 1.4 million during 13:45 and 13:51 periods, exceeding hourly benchmark of 750,000. Repeated resistance challenges near $0.41 with support stabilization around $0.40 threshold. Robust upward trajectory preserved with balanced profit-taking patterns above essential $0.40 psychological barrier. Disclaimer: Parts of this article were generated with the assistance from 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 .
