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.
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