Stellar Lumens Breaks Resistance as Traders Drive 3% Rally

Core Insights - Stellar Lumens (XLM) experienced a 3% increase, rising from $0.40 to $0.41, driven by institutional trading exceeding 71 million tokens [1][2] - The ability of XLM to maintain above the $0.41 mark indicates ongoing institutional accumulation and confidence in its long-term utility in blockchain finance [2][3] - Analysts consider XLM to be undervalued, with potential to reach $1.00 in the next cycle of institutional adoption as blockchain payment networks expand [3][2] Trading Activity - Strong institutional support was established at $0.39, with a trading volume of 62.57 million tokens on October 5 [6] - Technical resistance at $0.41 was tested multiple times before a successful breakout, confirmed by corporate buying activity [6] - Daily trading volumes during institutional hours surpassed 71 million tokens, significantly higher than the average of 25.43 million tokens [6]