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XLM Defies Market Downturn as Investors Accelerate Accumulation in October

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XLM Defies Market Downturn as Investors Accelerate Accumulation in October


XLM continues to attract long-term investors despite facing one of its sharpest price corrections this year. The cryptocurrency’s value has declined by nearly 50% since December, yet confidence in the Stellar ecosystem remains resilient. Notably, the total value locked (TVL) across Stellar’s DeFi protocols surged to an all-time high of 456 million XLM, reflecting unwavering investor trust in the network’s fundamentals.


Moreover, on-chain data reveals a significant accumulation trend. Over 240 million XLM were withdrawn from Binance in the past two months — the largest outflow recorded in 2024. This massive movement indicates that investors are transferring holdings to private wallets or DeFi platforms, a move often associated with long-term conviction rather than short-term speculation.

Stellar TVL. Source: DefiLlama
Stellar TVL. Source: DefiLlama

However, short-term sentiment across the market remains mixed. According to CoinGlass, XLM futures funding rates have stayed negative since mid-October, suggesting that many traders are maintaining bearish positions. The persistent dip below $0.20 has strengthened the short bias, but contrarian investors view this as a prime accumulation zone ahead of a potential rebound similar to the 2017 rally phase.

Key Stellar Levels To Watch – October 24

XLM has recently formed a symmetrical triangle pattern, characterized by higher lows and lower highs — a setup often preceding strong breakouts. The price has retraced toward the last bullish order block, which currently acts as a major demand zone. Buyers are expected to leverage this level to drive upward momentum. If bullish pressure builds, a breakout above the upper triangle boundary could trigger a rally toward higher resistance zones.

XLM Defies Market Downturn as Investors Accelerate Accumulation in OctoberFinally, Stellar’s continued technical and ecosystem growth adds to its long-term strength. The network’s recent upgrade to Protocol 24 resolved critical state storage bugs, while the value of real-world assets (RWA) tokenized on Stellar surged by 26.3%, reaching $638 million.

In conclusion, although XLM faces temporary price weakness, the broader market metrics, on-chain accumulation, and improving fundamentals all indicate a phase of strategic consolidation. For patient investors, this period represents not just uncertainty — but opportunity — as Stellar prepares for its next potential breakout.

Stellar Key Levels

Resistance Levels: $0.4830, $0.6390, $1.0000
Support Levels: $0.3250, $0.1920, $0.1000

XLM Market Metrics

Total Market Capitalization: $3.75T
Stellar Market Capitalization: $10.8B
Stellar Volume: $147M
Market Rank: #14

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