Stellar Lumens (XLM) Gains Momentum as Institutional Traders Drive Price Above $0.41

Stellar Lumens (XLM) surged 3% within a 23-hour period ending October 6, climbing from $0.40 to $0.41 amid a significant spike in institutional activity exceeding 71 million tokens. The price rebound from $0.39 marks a technical recovery, with traders capitalizing on strong demand during peak trading hours to push the token through key resistance levels.

XLM’s ability to maintain levels above $0.41 — a former resistance zone — highlights growing institutional confidence in Stellar’s long-term role as a foundational blockchain for financial infrastructure. Analysts point to persistent corporate buying pressure as evidence of the network’s increasing recognition among enterprise users, especially for payment and settlement solutions.

Technical data confirms this institutional accumulation. Support was firmly established at $0.39, where corporate trading volume reached 62.57 million tokens on October 5. Multiple resistance tests occurred at $0.41 before a decisive breakout fueled by heavy institutional buying. At 13:38, trading activity peaked with 2.86 million tokens exchanged, validating the breakout and setting the tone for continued upward momentum.

The ascending price trend from the $0.39 base suggests steady corporate accumulation, further reinforced by consistent higher closes during the final trading hours. Daily trading volumes well above the 24-hour average of 25.43 million tokens indicate a new phase of institutional interest in XLM.

Market strategists regard Stellar Lumens as one of the most undervalued payment-focused cryptocurrencies trading below $1.00. Many forecast potential gains toward the $1.00 level in the next wave of institutional adoption, driven by the expansion of blockchain-based payment systems across global finance.