Stellar’s XLM Holds $0.38 as Institutional Flows Support Market
Stellar’s native token, XLM, remained stable near $0.38 over the past 24 hours, demonstrating resilience despite overnight selling pressure. Between Aug. 26 at 15:00 and Aug. 27 at 14:00, XLM traded within a tight $0.017 range—a 4% spread—between a high of $0.40 and a low of $0.38.
The token briefly tested resistance at $0.40 late on Aug. 26 before retreating to $0.39, roughly 2% below session open, as sellers dominated overnight trading. Trading volumes remained elevated, exceeding 45 million tokens, signaling continued institutional participation.
Volume spikes coincided with broader regulatory developments. Daily turnover jumped 115% to $402.21 million as XLM touched $0.40, highlighting growing institutional engagement amid anticipation for potential cryptocurrency ETF approvals. Recent fund filings tied to Stellar have drawn corporate and institutional capital, even as regulators weigh tighter oversight.
Intraday activity on Aug. 27 illustrated this trend. Between 13:20 and 14:19, XLM climbed from $0.38 to $0.39—a 1% gain in under an hour—before consolidating. Minute-level volumes peaked at 1.42 million tokens during this move, setting resistance at $0.39 and support near $0.38. The ability to hold above support amid profit-taking emphasizes the role of institutional flows in shaping short-term price action.
Technical Overview:
- $0.017 trading corridor with highs at $0.40 and lows at $0.38 (4% spread)
- Early session push to $0.40 supported by 41.02 million tokens in volume
- Resistance at $0.40 triggered retracement to $0.39
- Sustained early selling exceeded 45.67 million units
- Intraday spike from $0.38 to $0.39 over a 60-minute period
- Peak minute-level volume reached 1.42 million tokens
- Resistance at $0.39, support near $0.38
- Consolidation suggests continued institutional engagement
XLM’s firm support and steady trading underline the growing influence of institutional activity on short-term market stability.
