Signs of a Strong Recovery
Stellar’s XLM token posted solid gains, rising 6% in a single day to close at $0.35. This rebound is particularly significant as it helped the token recover from a sharp decline over the previous weekend, demonstrating notable resilience amid recent market turbulence.
The recovery wasn’t just a slow grind upwards. Analysts spotted a telling three-minute rally from $0.34 to $0.35 that occurred on heavy trading volume. This kind of rapid price movement on high volume is often a classic signal of institutional accumulation, suggesting that major buyers, rather than just retail traders, were stepping in to buy the dip.
A Broader Market Rebound
This positive movement for XLM fits into a wider improving sentiment in the crypto markets. Veteran traders like Peter Brandt have publicly characterized the severe October sell-off as a temporary correction rather than a permanent trend shift, which has helped restore confidence. In fact, Brandt’s analysis specifically identified potential upside for XLM, among other assets.
This rebound story is part of a longer trend of institutional interest in Stellar. In early October, another rally was fueled by corporate trading volumes and a rising open interest that surpassed $300 million, pointing to growing engagement from professional funds. As an ISO 20022-compliant cryptocurrency, Stellar is seen as strategically positioned for upcoming global payment system upgrades, a narrative that continues to attract institutional confidence.
