Stellar's Momentum at Risk: Can XLM Hold Above Key Support Levels?

Stellar (XLM) is poised to maintain its September momentum into October as it enters the month with several key network and institutional-use announcements.

The State Street Galaxy's Onchain Liquidity Sweep Fund went live on Stellar on September 29, while BVNK announced expanded multi-chain stablecoin infrastructure with Stellar integration a week earlier, according to the Stellar Development Foundation's press materials.

CoinMarketCap's October 1 market analysis showed XLM had risen about 3.16% over 24 hours to roughly $0.227 amid broader altcoin rotation.

The technical indicators, however, suggest that XLM is still below its recent swing high of $0.23641 and immediate support at $0.221.