Stellar (XLM) has captured investor attention with an impressive 80% surge over the past week. After a period of decline, the coin has rebounded, currently trading above $0.43 with a daily increase of over 9%. On-chain metrics indicate heightened interest, as the number of active addresses rose from 65,000 to 80,000, reflecting a 13.8% increase. This surge follows a breakout from a long-standing descending channel, marking a pivotal moment for XLM. The recent rally is partly fueled by PayPal's announcement to launch its USD-backed stablecoin, PYUSD, on the Stellar blockchain, which enhances confidence among investors. Stellar's low transaction costs and rapid settlement times make it an attractive option for cross-border payments, although the integration awaits regulatory approval. Analysts are optimistic about XLM's trajectory, with predictions suggesting a potential rise to $0.45, while cautioning about possible resistance at $0.419 and support levels at $0.370 and $0.346. Read more AI-generated news on: https://app.chaingpt.org/news