Stellar (XLM) Holds $0.42 Support With Institutional Buying and 80% TVL Surge

Stellar (XLM) has demonstrated resilience in maintaining the $0.42 support level, with consistent buying pressure and institutional participation reinforcing market stability. This price resistance has proven robust against multiple attempts at profit-taking, signaling confidence in the token’s underlying strength and potential for further gains [1].

Recent on-chain metrics highlight the growing adoption of the network, with daily additions of between 5,000–6,000 institutional addresses and a total of 9.69 million active wallets. These figures reflect increasing engagement from both retail and institutional investors, contributing to a broader and more dynamic user base [1].

According to Scopuly’s report, the continued inflow of institutional participation suggests a strong foundation for Stellar’s future price movements. The Total Value Locked (TVL) in the network has reached $150 million, showing an 80% increase from recent benchmarks. This significant growth in TVL, alongside the rising number of active wallets, underlines sustained network activity and investor interest [1].

Analysts are closely monitoring the $0.50 resistance level as a key breakout point. A successful breach of this level could catalyze further movement toward the $0.60–$0.77 range, based on current price momentum and market conditions. The $0.50 level functions as a pivotal threshold, and price consolidation just below it may encourage additional accumulation by investors [1].

The current market behavior of XLM indicates a readiness for upward momentum, supported by strong institutional buying and growing adoption. While there are fluctuations in short-term trading activity, the overall trend remains bullish, with no significant disruptions to the support level at $0.42. This stability is a positive indicator for potential investors and traders monitoring the token’s price action [1].

Stellar’s performance at this critical juncture reflects a combination of technical and fundamental strength. As institutional interest continues to grow, market observers are keeping a close eye on key resistance levels and volume patterns to gauge the likelihood of a sustained breakout. The next few weeks may be critical in determining whether XLM can solidify its position above $0.50 and move toward the projected $0.77 target [1].

Source: [1] Stellar $XLM Holds Strong at $0.42 Support—Breakout Toward $0.77 Possible (https://cryptofrontnews.com/stellar-xlm-holds-strong-at-0-42-support-breakout-toward-0-77-possible/)