XLM Skyrockets as DeFi Adoption Reaches Historic Peak—Is This the Altcoin Breakout?

Stellar (XLM) just punched through resistance levels as a critical decentralized finance metric hits unprecedented highs. The blockchain's native token—often overshadowed by flashier rivals—is finally getting its moment.

DeFi on Stellar isn't just growing—it's exploding. Total value locked (TVL) across protocols just smashed its all-time record, signaling a surge in developer activity and user trust. Traders are piling in, betting this could be XLM's long-awaited renaissance.

Meanwhile, Bitcoin maximalists are scrambling to explain why a 'legacy altcoin' is suddenly outperforming their precious store-of-value. Maybe diversification isn't such a bad idea after all—especially when the numbers don't lie.

One thing's clear: when DeFi metrics scream 'bullish,' even Wall Street dinosaurs take notice. Though let's be honest—they'll probably still call it 'that internet money' at their next shareholder meeting.

XLM crypto price technical analysis

The daily timeframe shows that the XLM price formed a double-bottom pattern at $0.2170 in April and June. This pattern had a neckline at $0.3323, its highest level in June this year.

Stellar Lumens price also moved above the upper side of the descending channel. This channel is part of a bullish flag pattern, a highly popular bullish continuation signal.

Stellar has jumped above the 50-day and 100-day Exponential Moving Averages, indicating that bulls are in control. Further, the Average Directional Index has moved above 20, a sign that the trend is gaining strength.

The Relative Strength Index has risen to its highest level since May. Therefore, the most likely scenario is a MOVE up to the neckline at $0.3323. A move above that level will point to more upside, with the key level to watch at $0.4247, the 38.2% retracement level.