Stellar (XLM) Climbs 3% as Institutional Activity Boosts Blockchain Payment Adoption
Stellar’s native token, Lumens (XLM), rebounded from $0.38 support to close near $0.39 on Thursday, driven by elevated trading volumes and increased interest from institutional investors.
After briefly dipping from $0.39 to $0.38 on Aug. 27, XLM found strong support at the lower bound, with trading activity exceeding 25.4 million tokens. The recovery allowed the token to reclaim resistance levels and finish the session near its intraday high, signaling renewed institutional accumulation.
Market observers attribute the move to growing confidence among corporate treasuries exploring faster, cheaper blockchain-based settlement solutions. Institutional trading activity in Stellar surged 39% above average, highlighting the token’s appeal as enterprises expand into decentralized financial infrastructure.
Momentum persisted into the final hour of trading on Aug. 28, with XLM climbing from $0.38 to $0.39 in under an hour. Analysts noted that the surge coincided with heightened engagement from treasury desks evaluating decentralized settlement protocols.
Market and Technical Highlights:
- Trading Range: $0.38–$0.39, representing a 3% intraday swing.
- Volume: 39% above daily average, indicating strong institutional participation.
- Support: Firm accumulation at $0.38.
- Resistance: Successfully reclaimed $0.38 during recovery.
- Close: Near session highs at $0.39.
- Recovery Dynamics: Overnight gains followed by concentrated final-hour buying point to sustained institutional interest.
The session underscores the growing role of institutional flows in shaping XLM’s short-term momentum and highlights broader adoption of blockchain payment solutions across global markets.
