• Stellar (XLM) holds strong support at the $0.41 level.
• XLM is trading at $0.4284, with volume down 41.35% today.
• Institutional adoption grows with 9.69M wallets, 5K daily.
• A break above $0.50 could target the $0.63–$0.77 range.

Stellar (XLM) is maintaining a positive trend, even as the broader crypto market shows neutral to slightly bearish signals. Over the past week, the token dropped 5.55%; it has remained stable over the last 24 hours at $0.4284.

The 24-hour trading volume sits at $398.41 million, down 41.35%, with a market capitalization of $13.41 billion. Despite minor declines elsewhere, XLM shows resilience. Investors are closely watching the $0.41 support level, which is crucial for sustaining bullish momentum.

XLM Technical Patterns Signal Potential Upside

According to the crypto analyst Joe Swanson, the XLM is consolidating between $0.37 and $0.50. The 12-hour chart shows a healthy bullish structure, with higher lows forming after the parabolic rally in July. Buyers are defending the $0.41 level. Volume remains controlled, suggesting no major selling pressure.

Analysts view this as a bullish flag or rectangle pattern, often preceding continuation moves. A breakout above $0.50 could trigger a rally toward $0.63, with an extended target of $0.77. On the downside, support at $0.37 has historically attracted strong buying interest. Volume spikes around these zones will confirm market direction.

Also Read: Stellar (XLM) Surges 12% This Week: $0.7733 Next Milestone

Institutional Adoption Accelerates

Stellar’s on-chain fundamentals are gathering pace. There are more than 9.69 million active enterprise wallets, and more than 5,000 institutional addresses are joining daily. Total value locked (TVL) stands at $150 million, evidencing growing network activity.

This includes smart contracts, transactions in stablecoins, and cross-border payment systems. Institutional engagement is a good omen. Growing wallets are an expression of trust in Stellar’s long-term utility as well as scalability.

Market Sentiment and Open Interest

According to the CoinGlass data, there is a notable surge in XLM trading activity. Open interest currently stands at $347.39 million, reflecting strong engagement in the market. However, it has decreased by 6.67%, indicating that some traders are taking profits rather than exiting positions entirely.

The OI-weighted funding rate is at 0.0083, indicating a minimal bull inclination among the leveraged players. This indicates that the participants have a preference for long trades, awaiting more upswings in prices.

The technical consolidation combined with increasing institutional buying suggests a possible breakout above $0.50. Should this level be taken out, further capital flows from institutional investors can be expected. Traders are also eyeing XLM, positioning for more upside action.

Also Read: Stellar (XLM) Price Prediction: Is a Bullish Breakout to $0.97 Coming Soon?