Stellar Lumens Breaks Key Resistance as Institutional Trading Triples
Stellar Lumens (XLM) rallied 3% over the past day, climbing from $0.40 to $0.41 as institutional investors sharply increased activity across corporate trading desks. Daily trading volumes jumped to 71 million tokens, more than three times the typical 24-hour average, reflecting renewed confidence in blockchain-based payment infrastructure.
The move followed a rebound from $0.39, where buyers defended support and drove prices through a major resistance zone at $0.41. Analysts said the breakout confirms a trend of institutional accumulation, positioning XLM as a key player among payment-focused digital assets.
“The consistent buying from corporate accounts reinforces Stellar’s growing credibility in cross-border settlements and enterprise finance,” said one market strategist.
Market analysts continue to view XLM as undervalued compared with other major Layer 1 payment networks and see potential for a move toward $1.00 in the next institutional adoption cycle.
Technical Snapshot
- Support: $0.39 confirmed by heavy corporate volume (62.5M tokens) during Oct. 5 session.
- Resistance: $0.41 successfully breached following multiple institutional test phases.
- Volume: Peak activity near 13:38 with 2.86M tokens traded on breakout.
- Momentum: Uptrend validated by sequential higher lows through the session.
- Aggregate volume: 71M tokens traded during institutional hours, well above the 25.4M average.
