Stellar’s XLM token held firm at $0.36, supported by strong institutional activity and renewed corporate interest in blockchain solutions amid ongoing market developments.
Stable Trading Range
Over a 24-hour period from September 7, 09:00 to September 8, 08:00, XLM rose 2.32%, moving from $0.36 to $0.37. Trading occurred within a narrow $0.01 band, reflecting just 2.66% intraday volatility, indicating stable price action.
Institutional Flows Support Price
Peak trading volume hit 129.15 million tokens at 14:00 on September 7, far above the 24-hour average, signaling strong institutional participation. Analysts note that sustained support above $0.36 underscores continued accumulation and market confidence.
Corporate Developments Fuel Momentum
Paxos’ growing involvement in Stellar’s ecosystem marks a key milestone. With extensive experience in regulated stablecoin issuance and the acquisition of Molecular Labs, Paxos is positioning USDH to comply with the GENIUS Act and Europe’s MiCA regulations.
Technical Snapshot
- Support: $0.36; Resistance: $0.37, forming an upward-trending channel.
- Consistent institutional buying above 600,000 units across intervals.
- Final hour volumes exceeded 2.5 million units, supporting the move toward $0.37.
- A clean break above $0.37 could open the door for further upside, backed by institutional flows and corporate adoption.
