Stellar’s native token, lumen (XLM)showed sharp intraday ductility over the last 24 hours, with prices swung between $ 0.38 and $ 0.39 – a 3% turn. After sliding from $ 0.39 to $ 0.38 in the evening of August 27, XLM found fixed support at the lower border where trade volumes rose over the daily average of 25.4 million.
Bounce set the stage for a steady improvement throughout the night over sessions, allowing the asset to regain resistance to $ 0.38 and close near session heights. Market analysts interpret the move as a sign of renewed institutional accumulation and points to a possible recovery course.
Uptick in activity reflects what industry observers see as a growing confidence among corporate treasurers seeking faster, cheaper settlement rails. Data shows that institutional bargains rose 39% above average, which strengthens the appeal when companies navigate in increasingly complex global trade.
The last trading time of August 28 highlighted the momentum in which XLM climbed from $ 0.38 to $ 0.39 in less than one hour. Analysts note that the move coincided with increased interest from corporate chamber tables that examine decentralized settlement protocols.
Market data confirms institutional accumulation pattern
- Trade area: Stellar swung between $ 0.38- $ 0.39 representing a 3% intradag variance.
- Volume Metrics: Trade activity exceeded 25.4 million units, reflecting a 39% increase above historic average.
- Support Analysis: Institutional support established at $ 0.38 with significant accumulation activity.
- Resistance breakthrough: Crucial penetration over $ 0.38 resistance in the recovery phase.
- Session Conclusion: Asset was completed near daily peaks to $ 0.39 reflecting institutional trust.
- Recovery dynamics: Sustained development overnight followed by concentrated final hour accumulation.
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