Stellar Lumens (XLM) rose 3% over a 23-hour stretch that ended October 6, increasing from $ 0.40 to $ 0.41 as institutional trade rose over 71 million tokens.
The move followed a technical rebound from $ 0.39, with dealers driving demand in peak times and supporting a stable rally through key resistance levels.
XLM’s ability to hold over $ 0.41 mark-a level that previously uncovered price gains continues to be the institutional accumulation and confidence in the long-term role of the token in blockchain-based financial infrastructure.
Analysts consider the consistent purchase pressure from corporate accounts as evidence of growing recognition of Stellar’s Enterprise tool.
Market strategists see further upward potential and identify XLM as one of the more underrated payment -focused tokens trading under $ 1.00.
They predict that the token could approach the $ 1.00 level in the next institutional adoption cycle as blockchain payment network gets traction in the global landscape of corporate financing.
Technical measurements indicate institutional accumulation
- Strong institutional support established at $ 0.39 with confirmation of company volume of 62.57 million tokens during the 5th of October Trade Session.
- Technical resistance of $ 0.41 levels showed several institutional test phases before successful outbreaks of business purchases.
- Rising price trends from the $ 0.39 base consistently provided institutional support throughout the accumulation phase.
- Business trade activity remained increased during key prize movements, especially at. 13:38 with 2.86 million token volume confirming institutional breakthrough over $ 0.41.
- Sequential higher price levels demonstrated sustained business accumulation during the final trade time.
- Daily trading volumes exceeded 71 million tokens in institutional trading times, significantly over the 24-hour business average of 25.43 million.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
