XLM Jumps 3% as Traders Push Stellar Lumens Beyond Resistance

Stellar Lumens Rises 3% as Institutional Traders Push Through Key Resistance

Stellar Lumens (XLM) rose 3% over a 23-hour period ending October 6, advancing from $0.40 to $0.41 amid a surge in institutional trading activity. Corporate trading volumes exceeded 71 million tokens, more than triple the daily average, suggesting renewed appetite for blockchain-based payment networks.

The price rally followed a rebound from $0.39, where buyers stepped in during high-volume hours to push the token through multiple resistance zones. XLM’s sustained move above $0.41 — a key technical barrier — signals strong institutional accumulation and confidence in Stellar’s growing role in digital financial infrastructure.

Analysts highlight the continued buying pressure from corporate accounts as a sign of expanding enterprise adoption. Many view XLM as undervalued among major payment-focused assets, projecting a potential advance toward $1.00 in the next cycle of institutional integration.

Technical Overview

Support formed at $0.39, confirmed by 62.57 million tokens traded during October 5’s session.
Breakout above $0.41 validated by sustained institutional demand.
Uptrend continuation supported by sequential higher lows across the accumulation phase.
Peak activity occurred around 13:38, when 2.86 million tokens traded on the breakout.
Daily volume surpassed 71 million tokens, compared with a 24-hour corporate average of 25.43 million.