XLM Drops 9% After Rally: Stellar Faces Volatility as PayPal Integration Fuels Institutional Interest

Stellar (XLMUSDT) experienced notable volatility in the last 24 hours, with the price declining by 9.36% to $0.4532 on Binance after opening at $0.5000. The recent price drop follows a period of strong gains attributed to PayPal's announcement of PYUSD integration on the Stellar network, which drove increased institutional interest and contributed to a bullish sentiment. However, after a sharp rally and testing of major resistance levels near $0.52, profit-taking and technical resistance have likely contributed to the recent pullback. Current trading volume remains robust, and market capitalization is stable around $14 billion, reflecting ongoing interest despite short-term price corrections. Overall, the market remains active and sentiment is generally positive, but traders are closely monitoring resistance and support levels amid continued volatility.