Stellar’s Chart Wants $0.30: $3.5B RWA Collateral’s The Kicker

Stellar Lumens (XLM) is actively forming an Inverse Head ‘n’ Shoulders pattern on the daily price charts. The basis behind this pattern is simple: conquer that neckline and then the quarterly highs of roughly $0.30 become plausible.

Leverage Shifts Towards Bulls; XLM’s Nearing Key Test

The head near $0.15 and the shoulders around the $0.16–$0.17 zone. The practical take from that is the Stellar bulls are waiting on a breakout and confirmation above the neckline around $0.22. Today, Stellar Lumen’s (XLM) price slipped 2.5% to trade at $0.189, but only a drop below $0.15 would destroy this bullish setup, Gopal insists.

With this $0.22 neckline breakout still on watch, the Derivatives markets switched towards a more bullish stance. The long versus short ratio on XLM has shifted to 1.0492. CoinGlass’ data also depicts a story of steadily-growing Futures trading volume, exceeding the Spot market demand on most days in September so far.

There’s a few crucial catalysts supporting this shift. Stellar’s XLM Network is now widely used in the Real World Asset (RWA) market, just breaching $3.51 billion in Total Value Locked (TVL). This RWA stash is becoming productive collateral via Templar, analyst Chart Nerd highlights. But the bigger story is government debt moving on-chain.

How Stellar’s Government Bonds Make Big-Time Figures

Here’s what’s inside this number: Etherfuse Stablebonds bring Mexican CETES and Brazilian Tesouro bonds on-chain. Spiko’s euro-denominated T-bill fund nearly doubled this year in market cap, officially claiming $970 million in the non-US government bond niche. The United States bonds is a whole different story: there’s roughly $1.1 billion allocated.

That’s the Token Terminal read from early September: Stellar Lumens (XLM) and Solana each nail around $1.1B of tokenized U.S. T-bills. Ethereum is still way ahead, collecting more than $6.6B. With the DTCC’s multi-trillion tokenization plans next year, Stellar’s XLM Network will get the opportunity to bridge the gap, as the clearing house picked XLM first.

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