On September 22, the price of Stellar (XLM) rose by 6.84%, approaching the $0.22 mark after several weeks of low activity. The price success was ensured as buyers regained positions above $0.2000 and entered the demand zone of $0.2020–$0.2075. Instead of another pullback, buyers used this zone to push XLM above $0.2075 to $0.2200. This movement gained additional significance as this zone was a breakout point in August. A successful retest of the zone indicates increased interest from buyers. Trading volume increased during the latest price rise, adding further credibility to the breakout and indicating expanded investor participation. At the time of writing, XLM was trading at $0.2118, and the demand zone is likely to be tested again. If XLM can hold above the $0.208 mark, it will maintain the upward trend and possibly conduct a retest at $0.2227.
On the other hand, a drop below this mark could open the way back to the $0.180–$0.185 range. In addition to price dynamics, growing liquidity on the Stellar network demonstrates an increase in the diversity of financial operations on the platform. The market capitalization of Stellar stablecoins exceeds $900 million, providing further liquidity for settlements and payments. Users are actively moving capital; over the past month, the average transfer volume of stablecoins amounted to $8.94 billion, with the total number of transfers exceeding the total circulation volume ninefold.
This high turnover value indicates continuous settlement flows within the network's liquidity. A similar increase is observed in tokenized assets: the value of RWA reached $3.33 billion, the number of users holding RWA tokens increased by 10.23%, reaching 21,124 at the time of writing, and the average transaction volume was $542.41 million. The increasing activity highlights Stellar's role in payments and tokenized finance, providing XLM with a stronger foundation in the network beyond speculation. Although the current growth is less than the previous 44% increase from $0.1550 in August, this movement still has the potential to replicate the scale of the previous surge if buyers overcome the $0.2227 mark. Crossing $0.2227 will open the way to a broader supply zone of $0.235–$0.260. However, testing this upper boundary represents a continuation of the trend rather than a true price discovery, as there is significant historical resistance above.
Related articles
