Stellar’s token pushed through resistance at $0.398 on surging volume after a day-long consolidation, with shifting macro trends fueling demand for payment-focused assets.
Updated Aug 21, 2025, 3:24 p.m. Published Aug 21, 2025, 3:24 p.m.
XLM traded in a narrow band between $0.39 and $0.41 over a 24-hour stretch ending Aug. 21, reflecting a consolidation phase ahead of a potential move. Sellers repeatedly capped upside at $0.41, while buyers defended support at $0.40, keeping volatility subdued. A gradual dip in volume suggested traders were positioning for a breakout attempt.
That breakout came in the final hour of trading, when XLM rallied from $0.396 to $0.399. Strong buying momentum pushed through the $0.398 resistance level, accompanied by a sharp spike in volume exceeding 1.5 million tokens traded. The push set fresh intraday highs, reinforcing a short-term bullish setup.
Broader market currents also support rising demand for payment-focused tokens. Shifting trade dynamics, evolving stablecoin frameworks, and heightened inflation risks tied to supply chain pressures are reshaping the global payments landscape. Against this backdrop, XLM’s recent strength reflects growing interest in blockchain-based settlement alternatives.
Technical Indicators Signal Bullish Momentum
- Price action broke through key $0.398 resistance level with strong volume confirmation.
- Trading range of $0.01 or 3% indicates contained volatility before breakout.
- Volume spike exceeding 1.55 million during final hour suggests institutional interest.
- Support established around $0.40 level with multiple successful bounces.
- Declining volume trend reversed during breakout, indicating renewed conviction.
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.
CD Analytics
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
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Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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