Stellar (XLM) Gains Bullish Momentum on Strong Fundamentals
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Stellar (XLM) Gains Bullish Momentum on Strong Fundamentals and Partnerships

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Azeez Mustapha

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Stellar (XLM) gains bullish momentum on strong fundamentals and partnerships. Stellar (XLM) is showing signs of potential upside as technical and market factors align in its favour. Price action reveals a solid support level around $0.376, with resistance forming near $0.4007. The Relative Strength Index remains balanced, while easing trade volumes indicate a period of consolidation before possible upward movement. On-chain data highlights a rise in wallets holding over 10 million XLM, reflecting long-term accumulation by large stakeholders rather than distribution.


Confidence in the network is further strengthened by strategic alliances with major institutions, including IBM, MoneyGram, and Franklin Templeton. These partnerships not only boost Stellar’s credibility but also expand its role in global payments and investment products. The addition of Soroban smart contract capabilities further enhances its utility. With strong technical support, institutional backing, and growing adoption, Stellar appears well-positioned for a bullish breakout in the near future.

Stellar (XLM) is showing signs of potential upside as technical and market factors align in its favour.

Key Stellar Levels To Watch – August 6

Stellar (XLM) Gains Bullish Momentum on Strong Fundamentals and Partnerships

XLMUSD has rebounded strongly from the $0.3750 support, breaking above the $0.4440 resistance. The price is trading well above the 9-day SMA at $0.4060, signaling sustained bullish momentum.

MACD lines are turning upward with a narrowing negative histogram, indicating a possible acceleration in buying pressure. If momentum holds, price could advance toward the $0.5150 resistance zone.

Stellar Key Levels

Resistance Levels: $0.4440, $0.5150, $0.6390
Support Levels: $0.3750, $0.2530, $0.2000

XLM Metrics

Total Market Capitalization: $3.86T
Stellar Market Capitalization: $14.53B
Stellar Volume: $1.00B
Market Rank: #11

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