Stellar's stablecoin supply expanded 2.4% over the past week to approach $960 million, while total value locked (TVL) on the network remains at elevated levels after reaching a record $265 million in August.

XLM, the network's native asset, has reversed from the $0.172-$0.185 band, with $0.180 currently acting as a key level in the ongoing consolidation. Momentum indicators have cooled, with the MACD turning mildly negative and the RSI near 52, as XLM tests resistance around $0.185.

Stellar Stablecoin Growth Expands Network Liquidity

A recent post from Stellarmintio on X pointed to stronger fundamentals across Stellar's network. The post cited stablecoin supply nearing $960 million after weekly growth, an increase that placed Stellar around the 14th-largest stablecoin chain by supply.

The reported stablecoin balance rose 2.4% during the measured week, a pace that indicates expanding stable-value liquidity across the network. Stablecoin supply is one of the most closely followed gauges of on-chain dollar liquidity, since it captures the aggregate value of stable-value tokens issued on a chain — capital available for transfers and settlement at a steady value. For Stellar, that liquidity aligns closely with its payment-oriented blockchain structure.

The same post also referenced Stellar's total value locked. TVL reached an all-time high of $265 million on August 22 and later stood near $233 million, according to the supplied figures. Despite that recent decline, the year-long TVL trend has remained broadly higher.

Stablecoin supply and TVL measure different forms of network capital — issued stable-value tokens in one case, assets deposited into on-chain protocols in the other — and together they offer separate indicators of liquidity and deployed ecosystem value. How the weekly growth pace holds, and whether TVL climbs back toward its August peak, will show whether the network's liquidity metrics keep building on recent levels.

Price Recovery Brings $0.185 Into Focus

The latest TradingView chart shows XLM recovering sharply from early-session weakness. Price initially slipped toward the $0.172 area before reversing higher, with the rebound carrying the token through $0.177 and $0.180. The recovery then accelerated as buyers pushed toward approximately $0.185, though a pullback followed and brought price back toward the $0.180 region.

XLM trades at $0.1834 at the time of writing, a gain of 5.1% over the past 24 hours. The $0.180 level now provides a nearby reference beneath current trading, while $0.185 marks the immediate resistance visible on the chart. A sustained move beyond that area would alter the current short-term structure.

Market data from CoinMarketCap shows capitalization near $6.39 billion, with fully diluted valuation standing near $9.17 billion, based on the supplied figures. Circulating supply is approximately 34.84 billion XLM against a total of 50 billion.

MACD and RSI Show Cooling Momentum

Momentum remains mixed following the latest upward price move. The MACD — a trend-momentum indicator built from two moving averages of price — shows its blue line sitting below the orange signal line, and the histogram is negative at approximately -0.00028701. That structure points to mild downside after August's stronger recovery. Earlier, the MACD produced larger positive bars during major upward movements before momentum faded and the indicator returned toward the zero area.

The RSI stands near 51.82 at the time of writing, while its average sits around 52.33. The Relative Strength Index is scored on a 0-100 scale, with readings above 70 and below 30 traditionally marking overbought and oversold conditions; both current readings sit very close to the 50 mid-point, meaning the indicator shows neither state.

Volume adds another consideration: the reported 24-hour volume is down approximately 31.85%, meaning the recovery occurred alongside lower reported trading activity.

Taken together, the indicators place XLM between an improving price structure and softer momentum. Holding above $0.180 would keep the recent recovery range intact, while a break below that area could redirect attention toward lower support zones.