🚀 Stellar shows early signs of rebound with trading volume rising by 115% 📈
Stellar (XLM) recorded a slight decline of 2% over the past 24 hours, but what caught attention is the massive increase in trading volume by 115%, reaching over $402 million, indicating a strong potential for a price rebound soon.
🔹 Despite Stellar's failure to break the resistance level at $0.42, investors remain optimistic about its future.
🔹 The currency previously surged after positive news about its competitor XRP, and it is expected to continue to correlate with the general market movement.
🔹 Technical indicators such as the Relative Strength Index (RSI) show that XLM has room for growth if it overcomes the current market fluctuations.
🔹 Analysts point out that institutional adoption of the currency could push it to break through the $0.50 levels and possibly reach $0.60 in the next phase.
✅ In summary: Stellar may be facing a golden opportunity to launch into an upward wave if strong trading volumes continue and it can withstand Bitcoin's dominance.
