XLM shows signs of recovery, exhibiting stable trends after a prolonged downtrend. Traders and analysts are monitoring key levels that may confirm the next breakout.
Weekly Demand Awakens as XLM Holds Structure
After recent bearish movement, the price of XLM now sits at $0.4109. Experienced traders are noting a renewed interest in buying. This level appears as a potentially reliable support zone, with the possibility of further upward movement.
Daily Chart Hints at Breakout Continuation
On the daily chart, the recent July rally marked a breakout from a long-standing falling formation. The current price action suggests potential formation of a higher low before revisiting the $0.49 level.
Visa Partnership Adds Bullish Fuel
Recently, Visa announced a move to offer settlement operations on the Stellar network. This news adds credibility to the platform for real-world applications, and such announcements typically drive market growth.
Current trends and new partnerships may positively impact XLM, with attention on the $0.49 level, which will be key for future growth.
