This article examines the current situation with Stellar Lumens (XLM), including price movement analysis, Visa support, and Total Value Locked (TVL) growth in DeFi.
XLM Price Analysis and Fibonacci Levels
Stellar Lumens (XLM) shows a bullish trend according to Elliott Wave theory. Analysis indicates that XLM has likely completed its corrective phase and is moving towards higher Fibonacci extension targets. The recent price retraced to key support levels at 38.2% ($0.37609) and 50% ($0.34124), confirming the completion of a corrective wave and the start of wave 3. XLM maintains a bullish structure as long as the price remains above the 50% level.
Visa Supports Integration with Stellar
Visa has officially confirmed its support for the Stellar network by integrating it into its global stablecoin payment system. Stellar is the only non-proof-of-stake distributed ledger technology included in the Visa platform, emphasizing its uniqueness and technical achievements. This integration aims to enhance the efficiency of cross-border transactions.
Stellar's Achievements in DeFi and TVL Growth
On-chain activity for Stellar has surged, with its Total Value Locked (TVL) in DeFi reaching a record high of $143.21 million. This rise indicates increased user participation and capital inflow into Stellar-based decentralized applications. The growth in TVL coincides with recent partnerships and technical advancements within the network.
The current situation with Stellar Lumens shows strong growth trends in both price and institutional support. The integration with Visa and record TVL in DeFi highlight Stellar's growing significance in the crypto ecosystem.
