Analysts have shared insights on a potential price breakout for Stellar (XLM), referencing recent market analysis and expected news.
Current Price Status of Stellar
Currently, the price of Stellar (XLM) reached a high of $0.2477 and a low of $0.2301. Although the price dipped slightly after an initial surge, the upward trend remains intact. Analysts emphasize the significance of trading volume, which has decreased by 21% to $160 million.
Impact of PayPal Integration
A possible integration of Stellar with the PayPal platform may significantly influence the growth of XLM's price. PayPal CEO Alex Chriss hinted at the potential addition of Stellar to its platform, which could attract millions of new users and developers. This could also enhance trust and interest in XLM in the market.
Key Triggers for Stellar
Analysts recommend keeping an eye on three main triggers: the anticipated golden cross, sudden changes in trading volumes, and announcements of major partnerships. Any of these events could facilitate a price breakout for Stellar.
Analysis of the current situation indicates that Stellar (XLM) may be on the verge of a potential breakout. The upcoming week could be crucial if anticipated changes occur.
