Stellar (XLM) continues to show strong growth, increasing by 6% amid the overall recovery of the cryptocurrency market. Trading at $0.4132, the asset has attracted renewed investor attention due to changes in trading volumes.
Price Growth of Stellar (XLM)
Recently, Stellar demonstrated a 6% increase, rebounding from a recent low of $0.4103 and outperforming the overall cryptocurrency market which saw a 4.03% growth. At the time of publication, XLM was trading at $0.4132, reflecting a 5.32% gain in the last 24 hours.
Surge in Trading Volume
In the same 24-hour period, Stellar’s trading volume surged by 147.31%, reaching $564.63 million. This significant rise in volume indicates renewed investor interest and supports bullish expectations among sellers.
Support Level at $0.50
Earlier this month, Stellar reached the $0.50 price level but could not maintain this optimistic trend. Analysts suggest that breaking the $0.50 barrier again could trigger further growth to a maximum of $0.77.
Stellar's recovery amidst Bitcoin's market stability adds optimism for altcoin prospects. Investors are closely monitoring future price movements and potential increases in trading volume.
