Stellar’s native cryptocurrency, XLM, recorded a 2.32% increase within a 24-hour period from September 7 at 09:00 to September 8 at 08:00, rising from $0.36 to $0.37. trading activity remained within a narrow $0.01 band, marking $0.36 as the low and $0.37 as the peak.

Key Insights:

• XLM traded between $0.36 support and $0.37 resistance in this timeframe.
• A peak volume of 129.15 million tokens was recorded on September 7, indicating strong buying interest.
• Paxos’ recent stablecoin launch on Stellar and anticipated regulatory measures are reinforcing institutional confidence in the asset.

Market Confidence: Analysts indicate that maintaining support above $0.36 suggests a consistent appetite for XLM from institutional buyers, which could drive further increases. Should the price break through the $0.37 barrier, additional gains are probable, supported by ongoing investments and improved corporate confidence in blockchain infrastructures.

Disclaimer: Parts of this article were developed with AI assistance to enhance accuracy and compliance with editorial standards.