Saad Ullah
Stellar (XLM) Lumens holds strong at $0.42 support while explosive network growth and $150M in total value locked fuel trader optimism for a breakout toward $0.50 resistance and beyond.
XLM Price Shows Strength Despite Market Pressure
XLM traded between $0.42 and $0.43 over the last 24 hours, with profit-taking pushing it down 1% to $0.43 in the final hour. CoinDesk Data shows XLM approaching key $0.50 resistance, with breakout targets potentially hitting $0.60 to $0.77.
Every time XLM dropped to $0.42, buyers stepped in like clockwork, showing real institutional demand. This price action tells us bigger players see value here and aren't letting XLM slip away cheap.
Stellar (XLM) Network Hits Record Numbers Supporting XLM Price Rally
Stellar just hit 9.69 million active enterprise wallets – an all-time high. They're adding 5,000 to 6,000 new institutional addresses daily. That's corporate money flowing in, not retail FOMO.
Here's the kicker: total value locked jumped 80% to $150 million. When TVL moves like that, it means real adoption is happening. Companies are actually using the network, creating genuine demand for XLM tokens.
XLM Price Technical Setup Points to Breakout Potential
The $0.42 support has held firm with institutional buyers showing up every time it gets tested. Trading volume hit 71.43 million during the decline, showing serious money was involved.
Volume dropped off in the final hour, suggesting sellers might be running out of steam. Technical indicators point toward $0.47 to $0.50 as the next big test. If XLM breaks above $0.50, those $0.60 to $0.77 targets start looking realistic.
The setup looks solid: record network growth, rising institutional adoption, and a technical pattern primed for breakout.
Saad Ullah
