Stellar's (XLM) price has experienced a significant surge of over 40% within the last 24 hours, marking one of its strongest daily performances in recent times. This rally has not only propelled the cryptocurrency to $0.2862 but also expanded its market capitalization to $9.62 billion.
The trading activity has accelerated sharply, with volume climbing by 33.85% to $2.27 billion, indicating that fresh demand is entering the market rather than price advancing on thin liquidity. The rapid increase in turnover reflects growing participation from both spot and derivatives traders, setting it apart from other altcoins that remain range-bound.
The breakout has significantly changed Stellar's market structure after months of persistent decline, with rising volume, expanding open interest, and reclaimed support levels strengthening the bullish case. However, resistance remains overhead, and the Stoch RSI has reached overheated territory.