- XLM forms wave 5 after breaking above key trendline resistance
- Stellar’s DeFi TVL jumps 11.22%, hitting $154.72 million
- DTCC patent outlines Stellar’s bridging role between major chains
Stellar Lumens ($XLM) is showing strong upward momentum, with price action signaling a possible move toward the $0.47 resistance. XLM recently completed a corrective structure near the $0.37 level.
The price broke above a descending trendline, indicating the beginning of a bullish impulse wave. The Elliott Wave count confirms wave 5 is in play. Fibonacci extensions identify $0.47 as the next critical resistance, with extended targets at $0.50 and $0.60.
Analysts noted the $0.37 confluence zone served as a strong support base. Momentum and sentiment are currently favoring further upside as the market holds above a breakout structure.
DeFi TVL on Stellar Surges Past $154 Million
DeFiLlama’s recent data shows Stellar’s DeFi Total Value Locked (TVL) has grown to $154.72 million, rising 11.22% in 24 hours. The network’s daily decentralized exchange (DEX) volume is at $4.51 million, while the stablecoin market cap stands at $658.41 million.
XLM currently trades at $0.46, with a market capitalization of $14.398 billion. Following the recent breakout, analysts consider $0.47 the next key target. User activity and liquidity growth are supporting price momentum across the ecosystem.
Stellar’s Role in Cross-Network Blockchain Bridging
A U.S. patent recently filed by the DTCC outlines Stellar’s role in facilitating cross-chain communication between Bitcoin and Ethereum. Figure 3A in the document shows Stellar acting as Node M, which connects through metadata nodes labeled 3010, 3012, and 3014.
This structure allows the transfer of value without relying on conventional proof-of-stake protocols. The graph-based model suggests Stellar can serve as a neutral bridge, offering a path for interoperability between chains. Analysts say this supports ongoing discussions about Stellar’s role in future financial systems.
CoinCryptoNews previously reported that Visa officially added Stellar to its global stablecoin payment system, making it the only non-proof-of-stake network included. In addition, Marketnode’s Gateway now supports Stellar, expanding its institutional presence across the Asia-Pacific region.
The community’s focus on real-world utility, rising DeFi usage, and technical setups suggest Stellar is positioned for continued momentum. The $0.47 price level remains the immediate point of interest in the current market structure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
