$XLM 🚀Stellar Tests Key Resistance Amid Market Recovery!
The XLM/USDT pair is trading at $0.3965 (+1.28% in 24h), battling to reclaim the $0.40 resistance level after a -16.17% monthly slump. Despite bearish pressure, XLM’s $12.41B market cap and $297.29M 24h volume signal robust liquidity, with Binance dominating a significant share of trades.
Key Drivers:
Technical Breakout: RSI nears neutral territory, but a close above $0.408 (24h high) could target $0.426 (7-day resistance).
Whale Activity: Large buys detected, including an 852K XLM order on Binance, hinting at accumulation near yearly lows.
Ecosystem Momentum: Stellar’s Soroban smart contracts and RWA tokenization (e.g., Franklin Templeton’s BENJI fund) fuel long-term utility.
Pro Tip: Accumulate in the $0.389–$0.405 range. Staggered buys at 3% dips capitalize on volatility!
🔔 Will XLM defy the downtrend? Watch for a close above $0.408!
*Trade responsibly!* 🚀
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