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Stellar gains 10%, buyers defend key support as network hits 3,351 TPS

Stellar gains 10%, buyers defend key support as network hits 3,351 TPS

Cointurk2026/08/20 16:57
By: Cointurk
XLM+4.40%ETH+3.36%SOL+2.24%

Stellar (XLM) has advanced 10.17% in the past 24 hours, with its price reaching $0.1699 and a daily trading volume of $148.99 million. The cryptocurrency’s market capitalization now stands at $5.87 billion. Recent price action and network activity suggest a renewed bullish trend, supported by strong buyer interest at critical support levels.

Buyers drive bullish momentum

XLM’s current performance indicates that buyers continue to hold key support levels, with selling pressure diminishing. Crypto analyst LAR reported that as bulls regain control, the price structure indicates renewed upside potential.

If XLM maintains this momentum and overcomes resistance, analysts see the potential for a rally towards $0.29, which would be a substantial increase from current levels.

The focus remains on whether buyers can maintain recent gains and trigger a breakout. Sustained support is essential to keep the bullish scenario intact, enabling upward movement through resistance zones. Should XLM lose support, however, the current bullish setup may come under threat.

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If momentum keeps building and resistance levels are surpassed, XLM could aim for $0.29, offering a chance for a strong upward rally from the present setup.

Network upgrade drives adoption narrative

The Stellar network’s technological progress also supports the optimistic outlook. According to data from blockchain analytics provider Chainspect, Stellar has achieved a new benchmark of 3,351 transactions per second (TPS). This figure represents a performance growth of approximately 65% compared to the network’s previous capacity.

While the 3,351 TPS benchmark does not guarantee constant throughput, as actual speeds depend on ongoing network traffic and demand, the milestone signals greater scalability for applications in payments, asset transfers, and financial solutions.

Stellar’s increased throughput highlights its potential for cross-border transactions and real-world financial use cases. This technical development strengthens the argument for broader adoption, especially as infrastructure capacity aligns with growing demand for efficient asset transfer solutions.

Outlook hinges on support and resistance

The outlook for XLM now depends on buyers holding critical support zones and building enough pressure to surpass resistance levels. Confirmation of a breakout above these hurdles could trigger a drive towards the $0.29 price target.

Increased adoption of Stellar’s blockchain, rising network throughput, and heightened market activity will remain central factors as traders gauge whether this bullish momentum can translate into sustained price appreciation.

Traders are tracking Stellar’s network activity, throughput limits, and adoption rate to determine if a breakout above resistance can drive XLM towards new highs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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