Stellar (XLM) surged 8.58% after a sharp increase in stablecoin supply and institutional engagement spurred renewed demand, with the Stellar Development Foundation's involvement in a major KO data infrastructure funding round drawing attention to the ecosystem. The rally is further supported by XLM trading above all major moving averages, signaling strong technical momentum across timeframes.
Highlights
- Stablecoin supply on the Stellar network rose 2.4% in one week to $960 million, with total value locked steady at $233 million.
- The Stellar Development Foundation strengthened institutional links by joining a KO data infrastructure funding round led by S&P Global, Nasdaq, and BNP Paribas.
- XLM shows buyer-dominated momentum with bullish indicator signals and is projected to trade between $0.1893 and $0.2155 over the next five days.
Stablecoin inflows and mainnet data integrations deepen institutional reach
The supply of stablecoins on the Stellar network increased by 2.4% within a week to reach $960 million, while total value locked held steady at $233 million. The Stellar Development Foundation advanced its institutional positioning by participating in a KO data infrastructure funding round led by S&P Global alongside Nasdaq and BNP Paribas, emphasizing closer ties to institutional data solutions. The launch of the KO data onramp on Stellar's mainnet provides additional exposure to onchain finance infrastructure.
Bullish signals sustained as price nears resistance amid buyer dominance
XLM/USD is trading above its 20-day, 50-day, and 200-day moving averages ($0.1821, $0.176, and $0.1763), indicating bullish momentum across short, medium, and long-term horizons. The near-term ceiling sits at $0.2155, while immediate support is near the today high at $0.1998, with longer-term trend alignment still showing a bearish tilt. Momentum signals are constructive as both the MACD and ADX point to buy, reflecting improving upside pressure. RSI is in buy territory, CCI flags overbought conditions, and Stochastic RSI is neutral. Bull/Bear Power shows buyers dominating intraday, and the intraday move displays an upside gap of about 3.65% ($0.0068), with the price near the session high and intraday volatility at 4.66%. Today’s advance to $0.2024, up $0.016 or 8.58%, highlights strong follow-through toward the highs after the upside gap, consistent with buyer-led momentum but with some overbought signals emerging.
Earlier, analysts noted that technical upgrades and increased institutional engagement were driving a bullish outlook for Stellar. The latest surge in stablecoin supply and XLM’s sustained strength above major moving averages further strengthen this view, with a break above $0.2155 serving as the next key level to monitor for potential upside continuation.