Solana News Today: Solana Gains Institutional Momentum as Stellar Eyes 20% Recovery

Solana (SOL) and Stellar (XLM) remain under close scrutiny as they navigate recent price fluctuations. Solana, currently trading around $184, is seen holding above critical support at $177, supported by heavy wallet activity and institutional buying. The Upexi Treasury recently added 83,000 SOL, valued at $16.7 million, pushing their total holdings to $381 million. Technically, the asset is forming a cup-and-handle pattern, which could lead to a potential breakout toward $330–$400 if the current consolidation phase holds[1]. Additionally, Circle’s recent minting of $750 million USDC on the Solana network underscores growing confidence in the platform’s utility and future price trajectory.

Meanwhile, Stellar (XLM) has faced a significant correction, dropping over 20% to $0.40. However, early signs of a rebound are emerging, with on-chain activity rising sharply. Transactions increased by 22% in a week, active addresses climbed 16% to 208,000, and stablecoin volume surged by 40%, reaching $1.8 billion in transactions. These indicators suggest a potential short-term recovery. Technically, XLM formed a doji candlestick, a common reversal signal, and remains above its 25-day and 50-day moving averages. The Stellar price forecast is cautiously optimistic, with a near-term target of $0.52, its highest level of the year[2]. If the upward momentum persists and support levels hold, XLM could see further gains, especially with regulatory developments like the GENIUS Act potentially boosting stablecoin adoption.

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For investors monitoring Solana and Stellar, the broader market environment remains positive. However, while forecasts suggest potential for both tokens, actual performance will depend on continued institutional support, technical consolidation, and regulatory tailwinds. As always, market conditions can shift rapidly, and traders should remain cautious and well-informed.

[1] https://coinmarketcap.com/community/articles/688a2686759c0a7d0966bb17/