Stellar Foundation Invests in Archax to Boost Tokenization

Key Insights:

• Stellar Foundation invests in Archax to expand tokenization on the Stellar blockchain.
• XLM struggles at $0.45 resistance, with analysts eyeing the $0.32–$0.30 demand zone.
• XLM shows slight growth, trading at $0.364 with a $328M trading volume over 24 hours.

Stellar (XLM) Development Foundation has made a strategic move by investing in Archax, a regulated digital asset platform based in the UK. As the market reacts to this news, Stellar’s native token, XLM, is facing challenges at the $0.45 resistance level.

Stellar’s Investment in Archax

The Stellar Development Foundation has taken an essential step by investing in Archax, a regulated platform for digital assets in the UK. This partnership is focused on enhancing tokenization efforts within the blockchain ecosystem.

Archax’s integration of Stellar into its tokenization tool is expected to provide users with greater flexibility and ease in asset management. The launch of the Aberdeen tokenized money market fund on the Stellar blockchain supports the trend of using blockchain to tokenize real-world assets.

This new tokenized fund can appeal to a broader market by utilizing Stellar’s fast and low-cost transaction features. This development marks a significant milestone for Stellar in its efforts to expand its use case beyond just cross-border payments.

XLM Faces Resistance at $0.45

However, XLM is encountering resistance at the $0.45 level, a price point it has struggled to surpass. According to Alpha Crypto Signal, the price has been consolidating and gradually sliding toward a key demand zone between $0.32 and $0.30.

This price action is in line with earlier predictions, with analysts watching the demand zone as a potential area for accumulation.

Analyst stated that if the trendline fails, XLM could find new support at lower levels, as XLM behaves as it approaches the $0.32–$0.30 zone. If XLM successfully holds this support, it could set the stage for a breakout toward higher price levels.

Market Reactions and Current Price of XLM

Furthermore, XLM is currently trading at $0.364 with a 24-hour trading volume of over $328 million. The token has seen a slight increase of 0.77% in the last 24 hours.

Based on Analyst CW8900, XLM recently rebounded from a buy wall zone and could face further challenges. He noted that if it breaks through the two sell walls, it could rechallenge the final resistance level.

As the market waits for a clear direction, all eyes remain on how XLM will behave around key price levels. The recent developments in tokenization could lead to further bullish sentiment.