XLM Defies Market Downturn as Investors Accelerate Accumulation in October
Login

XLM Defies Market Downturn as Investors Accelerate Accumulation in October

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.
s

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



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 Over 240 million XLM were withdrawn from Binance in the past two months — the largest outflow recorded in 2024.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

Make money without lifting your fingers: Start using a world-class auto trading solution

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News