Stellar’s XLM Slides Below Key Support Amid Institutional Selling, Adoption Expands
Stellar’s XLM token fell 3.58% to $0.39 on Friday, breaking the $0.40 support level amid heavy institutional selling. Trading volumes exceeded the 24-hour average of 22.33 million tokens, highlighting repositioning ahead of anticipated regulatory clarity.
Despite the pullback, XLM gained 0.05% in the final hour as buyers defended the $0.39 level. Analysts note a bearish trend with lower highs forming and resistance consolidating around $0.40, where prior recovery attempts stalled.
Institutional adoption continues to grow: Centrifuge launched a $20 million tokenized real-world assets (deRWA) initiative, Mercado Bitcoin announced a $200 million tokenization program, and PayPal’s USD stablecoin went live on Stellar, broadening network access.
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