Stellar Lumens (XLM) Gained 3%, Broke Resistance

Stellar Lumens (XLM) gained 3% between October 5th and October 6th, rising from $0.40 to $0.41. This increase was supported by a technical bounce that occurred at the $0.39 level, and the trading volume drew attention with over 71 million tokens traded.

XLM continued its momentum with the surpassing of the main resistance at $0.41, bolstered by growing institutional accumulation and rising institutional demand. Analysts view XLM as an undervalued payment asset and predict that potential value increases could reach up to $1.00 during the upcoming phase of institutional adoption.

Stellar Lumens rose by 3% as of the morning of October 6th, moving from $0.40 to $0.41 in a 23-hour period. This movement was triggered by institutional trading surpassing 71 million tokens. The $0.39 level had established an important foundation for investors, paving the way for XLM to rise again as demand surged during trading hours.

The ability to maintain above the $0.41 level reflects confidence in the token's long-term role within the financial infrastructure. Ongoing buying pressure from institutional accounts is seen as an indicator of Stellar's growing recognition by institutional users.

Market strategists describe XLM as a more attractive payment-focused token in terms of value, suggesting that as blockchain payment networks garner more interest in the global corporate financing market, its value could approach $1.00.