The token defended its ascending channel structure despite distribution pressure at the upper boundary, keeping short-term bias neutral-to-bullish above $0.16.
The move marked the token’s strongest daily gain in a week and outperformance against a declining broader market, with traders now eyeing a clean push toward $2.50.
XLM outperformed the broader crypto market with a 0.97% gain, supported by a sharp rise in trading activity and an ascending technical pattern suggesting continued upside potential.
Hedera’s HBAR token climbed 1.31% to $0.1725 on Tuesday, with trading volume soaring as technical indicators point to a potential move above key resistance levels.
Despite signs of stabilization, with TON consolidating in a narrow range, momentum remains fragile, and a break below $1.87 could lead to further losses.
XLM plunged below critical $0.2800 support amid a 483% volume surge, reinforcing its short-term downtrend and exposing the next downside target near $0.2700.
BNB faces technical resistance at $1,000 and $980, with analysts watching to see if it can hold above $940, as privacy coins like DASH and Zcash outperform.
The move reflected cautious accumulation rather than broad conviction, as trading volumes remained below trend despite multiple volatility spikes during the session.
Nasdaq reprimanded TON Strategy, a major holder of TON, for failing to obtain shareholder approval before issuing stock to finance a $272.7 million purchase.