• Stellar gains traction as Grayscale and 21Shares expand access, boosting institutional and retail investor confidence.
• Technical levels show $0.38 as key resistance, with $0.50 as the next bullish target.
• Institutionally-backed products like GXLM and AXLM strengthen Stellar’s regulated exposure in U.S. and European markets.

Stellar (XLM) is gaining attention in the markets with growing access through expanding institutional products and analysts monitoring key resistance points. Increased interest among Grayscale in the U.S. and Europe by 21Shares indicates building confidence in the asset. Meanwhile, technical indicators point to XLM potentially being about to exit a breakout mode with higher targets.

At the time of writing, XLM is trading at $0.3659, with a 24-hour trading volume of $327.75 million and a market capitalization of $11.66 billion. The price has slipped by 0.75% in the last 24 hours, but analysts believe the asset may be positioning itself for bigger moves ahead.

Grayscale And 21Shares Boost Stellar Growth

Stellar remains to gain interest among both retail and institutional investors. Specifically, a well-known crypto analyst, DigitalG, noted that Grayscale provides the Grayscale Stellar Lumens Trust (GXLM) – a publicly available product set to track the market price of XLM. This makes stellar investors gain access to stellar with ease without having to hold the token directly.

Institutional exposure to XLM within Europe is also on the rise. The company 21Shares has launched AXLM, an exchange-traded product (ETP) that is 100% physically supported by XLM, further establishing trust in XLM’s market presence. Such funds offer a regulated route to bigger players aiming to get exposure to Stellar’s ecosystem.

Also Read | Chainlink (LINK) Price Prediction for October 4: Is a Breakout Ahead?

Stellar Prepares For Major Breakout Rally

On the technical side, prominent crypto analyst Ali Martinez highlighted a significant price area. He posited that should XLM pierce through the resistance area of $0.38, then that would open the way to a bigger upside movement. A breakout, according to Martinez, might open up the way to the short-term target of $0.50 on XLM, which would represent a significant psychological and technical barrier.

Institutional investment vehicles now exist through the large markets, and analysts note key resistance points; the future of XLM seems to be coming to a head. As the momentum gains and optimism expands, the next positive chapter of XLM may be headed its way.

Also Read | PUMP Price Prediction: Can It Break $0.0056 Resistance and Surge Higher?