Stellar Climbs 2% as Volume Spikes Signal Institutional Interest

Stellar climbed 1.79% to $0.256 during Tuesday’s session. The digital asset posted modest gains that tracked broader crypto momentum. XLM advanced from $0.2516 to $0.2579 over the 24-hour period ending Dec. 3 at 15:00 GMT. The token established higher lows at $0.2500, $0.2530, and $0.2540.

Trading volume tells the real story. Activity surged 37% above the 7-day average. This signals institutional accumulation despite contained price action. XLM moved within a $0.0131 range (5.1%).

Technical levels dominate near-term direction without clear fundamental catalysts. XLM hit resistance at $0.2631 during morning trading on elevated volume. The asset accelerated through multiple higher highs throughout the session. The largest volume spike hit 74.27 million tokens at 14:00 GMT—163% above the 24-hour average of 27.9 million.

Recent 60-minute data shows pronounced acceleration patterns. XLM broke $0.2556 resistance and surged to $0.2588. Exceptional volume spikes exceeded 1.9 million shares at 15:34 and 1.7 million at 15:48. Volume exhaustion emerged during final hours. This potentially signals consolidation before the next move as institutional flows target broader resistance levels.

Support/Resistance: Primary support holds at $0.2519 with successful test, while resistance emerges at $0.2631 during volume surge.

Volume Analysis: Largest spike hit 74.27 million shares (163% above 24-hour SMA), confirming institutional participation during upward push.

Chart Patterns: Clear ascending trend with higher lows pattern and successful breakout above $0.2556 resistance level.

Targets & Risk/Reward: Immediate target at $0.2631 resistance offers 2.6% upside, while break above targets higher levels for additional gains.

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