The post Stellar (XLM) Tests Critical Support at $0.35 Amid Record DeFi Growth appeared on BitcoinEthereumNews.com.

Zach Anderson
Aug 31, 2025 07:16

XLM trades at $0.36 (-0.22%) as technical indicators flash mixed signals while Stellar’s DeFi ecosystem hits record $152M TVL despite rising exchange reserves.

Quick Take • XLM currently trading at $0.36 (-0.22% in 24h) • XLM RSI at 38.44 signals potential oversold conditions approaching • U.S. Department of Commerce adopts Stellar network for economic data publication • Stellar’s DeFi TVL reaches all-time high of $152.11 million What’s Driving Stellar Price Today? The XLM price has remained relatively stable despite significant fundamental developments over the past week. The most recent catalyst came from the U.S. Department of Commerce’s decision to integrate Stellar’s network for economic data publication, marking the first government agency adoption of Stellar’s blockchain infrastructure. This development represents a major validation of Stellar’s enterprise-grade capabilities. However, the XLM price has shown muted response to this news, partly offset by concerns over rising exchange reserves. Stellar’s exchange reserves reached 1.03 billion XLM on August 26, creating potential selling pressure that has kept prices subdued despite positive adoption metrics. The network’s fundamentals continue strengthening, with XLM accounts surpassing 9.69 million users and the DeFi ecosystem achieving record growth. Stellar’s Total Value Locked jumped 80% from July to $152.11 million, driven primarily by protocols like Blend and Stellar DEX. This growth indicates expanding utility beyond simple payments, though the immediate price impact remains limited. XLM Technical Analysis: Mixed Signals Emerge Stellar technical analysis reveals conflicting signals as XLM trades near critical support levels. The most significant indicator is Stellar’s RSI at 38.44, approaching oversold territory and suggesting potential buying opportunities for contrarian traders. XLM’s position relative to moving averages tells a bearish story. The current $0.36 price sits below both the 7-day SMA at $0.37 and the 20-day…

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Filed under: News - @ August 31, 2025 7:20 am