Stellar Sees 3% Increase Amid Rising Institutional Interest in Blockchain Payments
Stellar Lumens (XLM) has rebounded from a $0.38 support level to close near $0.39, with above-average trading volumes reaching 25.4 million. This surge indicates growing institutional interest as corporations look into blockchain-based settlement solutions.
- Trading Metrics: XLM’s price fluctuated between $0.38 and $0.39, reflecting a 3% intraday movement. With trading volumes surpassing historical averages by 39%, the uptick is seen as a signal of renewed institutional confidence.
- Market Dynamics: Analysts project potential growth toward $0.50 in September despite a prior monthly decrease of 11%. The ongoing geopolitical uncertainties are pushing the adoption of decentralized settlement systems globally.
- Final Hour Rally: In the last trading hour of August 28, the asset gained momentum, quickly rising from $0.38 to $0.39, correlating with increased interest from corporate treasury departments.
Market Data Confirmations
- Support established at $0.38, with significant accumulation noted.
- Decisive resistance breakthrough observed above $0.38 during the recovery phase.
XLM
“Stellar Lumens surges 3% intraday, breaking $0.38 resistance on institutional volume amid shifting international trade policies.”
“Сигнал о повышении цен на Star Lumens, поднявшийся на 3% за день, пробивая уровень сопротивления в $0.38, на фоне институционального объема и изменения международной торговой политики.”
