Stellar’s XLM Jumps 51% After DTCC Partnership News


Stellar’s XLM Jumps 51% After DTCC Partnership News
Image source: CoinToday
- DTCC partners with Stellar for tokenized securities platform launch targeted in H1 2027 - XLM rally fueled by short liquidations, leveraged trading, and approach toward key resistance zone On May 30, 2026, Cointelegraph reported that Stellar’s XLM token soared by over 50% after the Depository Trust & Clearing Corporation (DTCC), a leading US financial institution that processes trillions in daily securities transactions, announced a strategic partnership with the Stellar Network. According to Cointelegraph on May 30, 2026, the collaboration aims to integrate DTCC’s tokenized securities platform with Stellar, with a launch targeted for the first half of 2027. As a result, a $12.41 million wave of short liquidations further drove the XLM rally, and short positions liquidated nearly doubled those of longs. In addition, a sharp rise in leveraged trading pushed open interest to $292.11 million, which was almost twice its prior level. XLM is now approaching a resistance zone between $0.198 and $0.224, and its 50-, 100-, and 200-week exponential moving averages mark this area. According to analysts, this zone has previously triggered steep sell-offs after PayPal- and Trump-related price spikes. Therefore, if XLM fails to break above this zone, downside risk could increase, with potential for a 30–40% pullback toward the $0.112–$0.136 support zone. However, a clear move past resistance could accelerate gains to the $0.28–$0.30 range, which would be about 40% higher than current prices. As of 11:08 UTC on the same day, Stellar (XLM) is trading at $0.247, with an 18.456% change in 24-hour trading volume, according to CoinMarketCap.
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Market
Published
2026-05-30 11:11
NFT ID
PENDING
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