Stellar (XLM) Shows Recovery Signs with Potential to Reach $0.52 Amid Visa Partnership and Market Momentum
Main Idea
Stellar (XLM) shows signs of recovery with a 7% price increase, supported by a key Visa partnership and strong trading volume, with potential to reach $0.52 if it maintains the $0.36 support level.
Key Points
1. Stellar’s price surged 7% in 24 hours, defending the critical $0.36 support level.
2. Trading volume increased by 50.05%, reaching $564.03 million, indicating robust market interest.
3. The Visa partnership could enhance Stellar’s adoption and cross-border payment efficiency.
4. Maintaining the $0.36 support level is crucial for a potential rally towards $0.52.
5. The Relative Strength Index (RSI) warns of possible overextension, requiring sustained volume for upward momentum.
Description
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