Stellar Lumen (XLM) Is traded in a tight interval over the last 24 hours, which had between $ 0.42 and $ 0.43 from August 14 at. 15:00 UTC to August 15 at. 14:00 UTC.
The token then measured gains before profit on the session pressed prices 1% lower to $ 0.43 in the last trade hour. Coindesk Data’s technical analysis model suggests that XLM is approaching a key resistance level of $ 0.50, with a breakout potentially targeting $ 0.60- $ 0.77, supported by strengthening network foundation and growing institutional participation.
On-Chain-Metrics continue to paint a bullish image. Stellar’s active company’s wallets hit a highlight of constantly 9.69 million, with 5,000-6,000 new institutional addresses added daily.
The total value locked on the network jumped 80% to $ 150 million, reflecting an increase in business admission. Dealers look closely $ 0.47- $ 0.50 zone, a potential trigger point for institutional short coverage that could burn the next leg higher.
Despite the early pressure pushing XLM down to $ 0.42 in the first six hours of the session, buyers consistently emerged at this level and signaled strong institutional support.
Over the night, the token staged a steady recovery and repeated $ 0.43 before consolidating. In the last 60 minutes, strong sales drove the prices back to $ 0.42, but a quick rebound and lighter volume suggests that the sales pressure can facilitate, giving way to renewed momentum.
Business Technical Indicators Signalize the Consolidation Phase
- Stellar established Robust Institutional Support for $ 0.42 Zone with uniform corporate buyer revenue during the fall in the early session.
- Cryptocurrency tested resistance near $ 0.43 during institutional trade overnight before consolidation in upper price range.
- Trade volume peaked with 71.43 million during the first six hour decline, indicating significant institutional participation and interest.
- Technical formation is approaching critical resistance of $ 0.50 level, representing the most important institutional breakout threshold.
- Corporate Momentum Indicators propose potential development against $ 0.60- $ 0.77 institutional price target zones.
- Diminishing trade volume in the last Times signals exhausted institutional sales pressure and market stabilization potential.
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