Stellar Lumens (XLM) climbed 3% over a 23-hour stretch ending October 6, rising from $0.40 to $0.41 as institutional trading surged above 71 million 0 move followed a technical rebound from $0.39, with traders driving demand during peak trading hours and supporting a steady rally through key resistance levels. XLM’s ability to hold above the $0.41 mark — a level that previously capped price gains — reflects continued institutional accumulation and confidence in the token’s long-term role within blockchain-based financial 1 view the consistent buying pressure from corporate accounts as evidence of growing recognition of Stellar’s enterprise 2 strategists see further upside potential, identifying XLM as one of the more undervalued payment-focused tokens trading below $1.00.
They forecast the token could approach the $1.00 level in the next institutional adoption cycle as blockchain payment networks gain traction in the global corporate finance 3 Metrics Indicate Institutional Accumulation Strong institutional support established at $0.39 with corporate volume confirmation of 62.57 million tokens during October 5 trading 4 resistance at $0.41 levels showed multiple institutional testing phases before successful breakout on corporate 5 price trend from the $0.39 base provided consistent institutional support throughout the accumulation 6 trading activity remained elevated during key price movements, particularly at 13:38 with 2.86 million token volume confirming institutional breakthrough above $0.41.
Sequential higher price levels demonstrated sustained corporate accumulation during final trading 7 trading volumes exceeded 71 million tokens during institutional trading hours, significantly above the 24-hour corporate average of 25.43 million. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our 8 more information, see CoinDesk's full AI Policy .
Story Tags
Latest news and analysis from CoinDesk
