XLM Tests Key $0.40 Level on Strong Institutional Participation

Stellar’s XLM Holds $0.38 Amid Rising Institutional Activity

Stellar’s native token, XLM, traded in a narrow range near $0.38 over the past 24 hours, demonstrating resilience despite overnight selling pressure. Between Aug. 26 at 15:00 and Aug. 27 at 14:00, XLM fluctuated within a $0.017 corridor—a 4% spread—from a high of $0.40 to a low of $0.38.

The token briefly tested resistance at $0.40 late on Aug. 26 before pulling back to $0.39, about 2% below session open, as sellers dominated overnight trading. Volumes remained elevated, exceeding 45 million tokens, indicating sustained institutional participation.

The surge in trading coincided with broader regulatory developments. Daily turnover jumped 115% to $402.21 million as XLM touched $0.40, reflecting growing institutional interest amid anticipation of potential cryptocurrency ETF approvals. Recent filings for funds tied to Stellar have attracted corporate and institutional investment even amid tighter regulatory scrutiny.

Intraday action on Aug. 27 further highlighted this dynamic. Between 13:20 and 14:19, XLM rose from $0.38 to $0.39—a 1% gain in under an hour—before consolidating. Minute-level volume peaked at 1.42 million tokens during the move, establishing resistance at $0.39 and support near $0.38. The token’s ability to hold above support amid profit-taking underscores institutional flows as a key driver of short-term price action.

Technical Snapshot:

• $0.017 trading range, high of $0.40, low of $0.38 (4% spread)
• Early session push supported by 41.02 million tokens in volume
• Resistance at $0.40 triggered a retracement to $0.39
• Sustained early selling exceeded 45.67 million units
• Intraday spike from $0.38 to $0.39 over a 60-minute period
• Peak minute-level volume reached 1.42 million tokens
• Resistance at $0.39 and support near $0.38
• Consolidation indicates ongoing institutional interest

XLM’s firm support and steady trading highlight the continued influence of institutional flows in stabilizing short-term market movements.