A technical analysis pattern may be anticipating a significant rebound in the price of the stellar cryptocurrency (XLM).
In cryptocurrency trading, a slightly bullish double bottom pattern like the previous one usually precedes increases because it implies that a cryptocurrency, in this case XLM, has touched an important support level twice and has not been able to fall below that threshold, showing that buyers are taking control.
However, although everything points to a price increase, there is a possibility that the cryptocurrency may find resistance between USD 0.30 and USD 0.35, as happened on February 24, when the asset's price fell to USD 0.26 from USD 0.348 (this is because support and resistance zones tend to repeat).
In general, the tokenization of real-world assets (RWA) and the use of stablecoins on Stellar are the factors driving the demand for XLM.