Whale wallets holding over 10 million XLM increased, showing strong confidence and long-term commitment from major holders amid consolidation.
Institutional support from IBM, MoneyGram, and Franklin Templeton reinforces Stellar’s role in real-world payments and digital asset funds.
Technical resistance at $0.43 is closely watched, with analysts setting upward targets of $0.52, $0.60, and potentially $1.50 in Q4.
XLM is currently consolidating around the $0.42 level after a strong +75% rally in July. Market participants are paying attention to the range of $0.384 - $0.392, which appears to be an area of stability in price activity.
Technical Setup Suggests a Calm Phase
The latest tweet from Scopuly - Stellar Wallet—notes that support stands firm at $0.376, with short-term resistance positioned at $0.4007. The Relative Strength Index (RSI) is neutral, and cooling volume points to a period of calm trading.
https://twitter.com/scopuly/status/1952588448285569474
This phase is seen as healthy consolidation, rather than a reversal. The absence of aggressive selling reflects underlying confidence. Exchange inflows remain steady, and no signs of dumping have been observed.
Breakout potential remains in focus, especially if the price crosses the $0.43 mark. Analysts project a price target of $1.50 by Q4, should market momentum return.
Institutional Confidence and Whale Accumulation Grow
According to the tweet, more wallets are now holding over 10 million XLM, indicating long-term conviction among large holders. This trend shows an accumulation phase rather than distribution.
Institutional engagement also continues to support XLM’s outlook. Major players like IBM, MoneyGram, and Franklin Templeton are reported to back Stellar. These partnerships strengthen network credibility and attract broader market interest.
The mention of Stellar's role in real-world payments and integration into crypto investment funds further enhances the token’s utility. The presence of Soroban smart contracts adds another layer of functionality.
Targets Set: $0.52, $0.60, and $1.50 Possible
Market analysts are optimistic about future targets for XLM if bullish momentum resumes. The tweet outlines a potential path from $0.52 to $0.60, extending toward $1.50.
For this to materialize, price must break through the $0.43 resistance. This level is seen as a technical gateway to a broader move. Market sentiment continues to be consistent, and factors could support another big run.
In addition to its recent price action and accumulation patterns, Stellar's institutional support may continue to drive its outcome throughout the remainder of the year.
