Stellar (XLM) is showing renewed momentum as its long-term bullish technical structure remains intact, supported by expanding stablecoin adoption that points to growing network activity.

At the time of writing, XLM is trading at $0.1751 with a 24-hour trading volume of $84.4 million and a market capitalization of $6 billion, according to CoinMarketCap. The token has gained 2.75% over the past 24 hours.

Analyst Identifies Key Long-Term Support Level

Crypto analyst @TakeProfitNow notes that Stellar is attracting renewed attention as its price revisits a long-term support structure that has held firm across multiple market cycles. The cryptocurrency has repeatedly respected this macro trend, making the current price level technically significant.

According to the analyst, holding above this support could reinforce bullish sentiment and lay the groundwork for another sustained recovery phase. The chart pattern suggests a gradual buildup rather than an immediate breakout, with some traders identifying a potential larger move toward the $1.50 level.

Stablecoin Supply Grows 9.8% in Seven Days

Data from MSB Intel highlights robust growth across Stellar's stablecoin ecosystem. The total stablecoin supply on the network increased by 9.8% over the past seven days, reaching $987.6 million.

This trend reflects heightened on-chain activity as more entities turn to the Stellar platform for digital payments and other financial transactions. Stellar was purpose-built for cross-border payments and remittances, and its stablecoin infrastructure has attracted issuers including Circle's USDC and Franklin Templeton's government money market fund (FOBXX), positioning the network as a venue for tokenized real-world assets in addition to payments rails. Protocol statistics indicate that Stellar is approaching the significant milestone of $1 billion in stablecoins in circulation, underscoring consistent growth in network liquidity.

Increased stablecoin circulation is widely regarded as a positive indicator of expanding chain activity, benefiting the broader ecosystem of decentralized finance projects and payment applications built on Stellar. The growth also tracks a broader industry pattern in which stablecoin supply across major blockchains has steadily expanded throughout 2024 and into 2025, reflecting institutional and retail demand for dollar-pegged digital assets as settlement instruments.

Network Fundamentals and Technical Outlook

With Stellar maintaining its long-term support structure and stablecoin supply nearing the $1 billion mark, network fundamentals continue to develop alongside the technical setup. The combination of sustained price support and growing ecosystem participation may contribute to the overall market structure for XLM.

As on-chain activity increases and stablecoin adoption expands, the network's liquidity profile continues to strengthen. Continued ecosystem growth and protocol development remain factors that market participants are monitoring alongside the technical indicators identified by analysts.