XLM Rallies 4% as Stellar Breaks Critical $0.40 Resistance Barrier

Core Insights - Stellar's XLM experienced a 4% increase in the past 24 hours, rising from $0.39 to $0.40, with trading volumes more than double the daily average, indicating potential consolidation before the next move [1][6] - The rally was driven by Bitcoin.com Wallet's integration of Stellar, providing millions of users access to its payment network and DeFi tools, coinciding with increased volatility as XLM tested the $0.41 level [2][3] - Institutional demand is contributing to the momentum, with traditional finance showing increased interest in blockchain-based payments, as evidenced by strong trading volumes during the breakout [3][6] Trading Metrics - The trading volumes reached 90.15 million and 61.23 million, significantly above the 24-hour benchmark of 36.85 million, with essential support forming at $0.40 and resistance at $0.41 [6] - Volume surges exceeded 1.4 million during specific periods, indicating robust bullish sentiment despite near-term resistance challenges [6] - The upward trajectory of XLM is maintained with balanced profit-taking patterns above the psychological barrier of $0.40 [6]