In the past four hours, Stellar (XLM) has been showing a positive performance, reflecting a notable increase in trading activity and price volatility. The latest data indicates that XLM/USDT is trading around $0.1980 USDT, marking a 50% rise in its price over the last 24 hours. Over the past week, XLM has seen a strong upward momentum with a 116.11% increase.
The recent surge in XLM's value is largely driven by technical analysis suggesting bullish patterns such as breakouts above resistance levels and positive divergences in momentum indicators. Moreover, Stellar’s ongoing partnerships and blockchain advancements, particularly its work with MoneyGram and global financial institutions, are helping increase its adoption across markets. This growth is closely tied to Stellar’s role in facilitating low-cost cross-border payments and providing innovative solutions for financial inclusion.
With the market momentum being strong, some analysts are forecasting a potential rise above the $0.20 mark for XLM, especially if it can maintain current support levels. Traders should stay informed of upcoming developments as they could influence the next price move.