Stellar’s native token XLM has posted a notable 7% price surge, decisively defending the critical $0.36 support level amid growing market optimism. The rebound signals potential recovery momentum for the blockchain protocol following recent market pressures.
Trading volume for XLM jumped approximately 50% to $564 million within the same 24-hour period, reflecting robust trader interest and bullish sentiment. This heightened activity coincides significantly with Stellar’s strategic partnership with Visa, which is anticipated to enhance cross-border payment efficiencies through blockchain technology.
Technical analysts suggest that maintaining the $0.36 support will be essential for further upside potential. Should this level hold, speculation points toward a possible rally targeting the $0.52 price threshold.
However, market indicators present some cautionary signals as XLM’s Relative Strength Index (RSI) approaches overextended territory. Sustained trading volume and institutional interest through developments like the Visa collaboration will be key factors in determining whether recent gains can extend into a broader recovery phase.