Stellar Lumens Holds $0.42 Support Amid 80 TVL Surge and 9.69M Wallets Growth

Stellar Lumens (XLM) maintained resilience in recent trading sessions, consolidating within a narrow range between $0.42 and $0.43 over the past 24 hours. Despite brief downward pressure in the early hours of the session, institutional buyers emerged consistently at the $0.42 level, reinforcing its role as a strong support area [1]. The token saw measured gains before late-session profit-taking pushed prices down by 1% to $0.43 in the final hour of trade, yet it quickly rebounded, signaling potential stabilization in the market [1].

The network fundamentals of Stellar continue to strengthen. The platform reached a record 9.69 million active enterprise wallets, with an average of 5,000–6,000 new institutional addresses added daily. Meanwhile, the total value locked (TVL) on the network surged by 80% to $150 million, reflecting heightened corporate adoption and confidence in the ecosystem [1]. These developments have fueled optimism among traders and analysts who see the potential for a breakout above the $0.50 resistance level.

Technical analysis models suggest that if XLM can overcome the $0.47–$0.50 zone, it could gain momentum toward a target range of $0.60–$0.77, provided institutional buying activity accelerates [1]. The $0.42 support has held firm, preventing further downside, and the recent consolidation around $0.43 indicates that market participants are preparing for a potential upward move.

Traders are now closely monitoring volume and price behavior near key resistance levels. Trading volume peaked at 71.43 million during the initial six-hour decline, underscoring the involvement of institutional players [1]. The diminishing volume in the final hour of the session, however, points to exhausted selling pressure and hints at a possible stabilization in the market ahead of the next potential surge [1].

As Stellar continues to attract enterprise-level adoption and expand its on-chain activity, the focus remains on whether XLM can successfully break out of its current consolidation phase and test the $0.50 resistance level. A sustained move beyond this threshold could signal the beginning of a larger bullish trend for the asset.

Source: [1] Stellar Lumens Holds Firm as Network Growth Set Stage for Breakout (https://www.coindesk.com/markets/2025/08/15/stellar-lumens-holds-firm-as-network-growth-set-stage-for-breakout)