#XLM

$XLM

#FutureTradingSignals

#Maket

📊 Market summary

• Current price: $0.2917 USD

• 24h volatility: Up 2.33%

• 24h trading volume: $191.32 million USD

• Market capitalization: $9.00 billion USD

• Daily price range: $0.2837 – $0.2964

📰 Featured news

• Partnership with IBM: Stellar has just partnered with IBM to develop a global payment system using blockchain. This is a positive signal for the future of Stellar as major industry partners begin to pay attention to Stellar as an efficient payment solution.

• Developments in DeFi: Stellar continues to develop in the DeFi space and is deploying decentralized financial applications. This will help increase the level of adoption of XLM in the DeFi ecosystem.

• XLM price forecast: According to analysts, XLM may reach $0.13 in the next week due to new token releases and increased DeFi activity.

📈 Technical analysis

• Important support: $0.2837

• Strong resistance: $0.2964

• RSI: 58 – The market is in a stable state, may rise slightly if it surpasses the resistance level of $0.2964.

⚠️ Risks to note

• Resistance at $0.2964: If it cannot surpass this level, XLM may struggle and adjust to the support level of $0.2837.

• Volatility in DeFi: Major news or changes in DeFi projects can significantly impact the price of XLM in the short term.

💼 24h Futures strategy

• Suggested position: Long (buy)

• Profit target: $0.2964

• Stop-loss: $0.2837

• Trading volume: 10% of account  

🧠 Conclusion

Stellar (XLM) is maintaining a stable trend and is likely to continue rising if it surpasses the resistance level of $0.2964. With strong developments in DeFi and a strategic partnership with IBM, XLM could reach the target level of $0.13 in the short term. A Long strategy with a target of $0.2964 and a stop-loss at $0.2837 is reasonable in the next 24 hours.