XLM Breaches Support at $0.40, But Institutional Adoption Signals Long-Term Strength
Stellar’s XLM dipped to $0.39, down 3.58% as institutional flows pushed the token below critical support. Volumes surpassed the 22.33 million token average, indicating heavy repositioning.
Technical indicators show a bearish pattern with lower highs and resistance at $0.40. Intraday volatility reached $0.003, though the token gained 0.05% in the final trading hour.
Meanwhile, Stellar’s infrastructure adoption is expanding. Centrifuge, Mercado Bitcoin, and PayPal are deploying initiatives on Stellar, signaling growing institutional confidence despite short-term price pressure.
