XLM is consolidating after the breakout.

The Rise of XLM Continues

XLM has risen from $0.3131 to $0.3210. During the afternoon hours, a surge was experienced at $0.3229, confirming a bullish breakout above the resistance level of $0.3170.

With this movement, trading volume reached 74.39 million; this indicates an increase of about %350 over the average and demonstrates the potential for institutional participation.

Despite a slight pullback to around $0.321, the token managed to stay above the important support level of $0.3150. This situation maintains the rising trend and base formation model.