Stellar (XLM) Rebounds 3% on Institutional Demand Amid Growing Blockchain Payment Adoption
Stellar’s native token, Lumens (XLM), climbed from $0.38 support to close near $0.39 on Thursday, powered by above-average trading volumes and increased institutional activity.
Following an intraday dip from $0.39 to $0.38 on Aug. 27, XLM found firm support at the lower bound. Trading volumes surged past 25.4 million tokens, allowing the asset to reclaim resistance levels and finish near its session high. Analysts view this as a clear sign of renewed institutional accumulation.
The rebound reflects heightened interest from corporate treasuries seeking faster, cheaper blockchain-based settlement solutions. Institutional participation in Stellar surged 39% above average, signaling confidence in its use as a payment and settlement infrastructure.
Momentum carried into the final trading hour on Aug. 28, with XLM rising from $0.38 to $0.39 in under an hour. Analysts noted this coincided with intensified activity from treasury desks exploring decentralized settlement protocols.
Market and Technical Highlights:
- Trading Range: $0.38–$0.39, a 3% intraday swing.
- Volume: Surpassed daily average by 39%, showing strong institutional engagement.
- Support: Firm accumulation at $0.38 established a stable base.
- Resistance: Reclaimed $0.38 during recovery.
- Session Close: Near daily highs at $0.39.
- Recovery Pattern: Overnight gains followed by concentrated final-hour buying suggest sustained institutional interest.
The session highlights how institutional flows continue to shape short-term momentum for Stellar, reflecting broader adoption of blockchain payment solutions in global commerce.
