Stellar Breaks $0.47 — Protocol 23 and PayPal Integration Fuel Upside
I see Stellar (XLM) break above $0.47 following the Protocol 23 upgrade and PayPal stablecoin integration, with the token up about 4.33% on the move.
I view those fundamental catalysts combined with bullish technicals as supportive of further upside, provided volume and momentum hold.
I will watch for confirmation on sustained volume and manage risk by scaling in on pullbacks and maintaining protective stops under recent support.
Analysis
Recommendation
I recommend a strong buy stance: consider accumulating and scaling in on modest pullbacks, but use protective stops and watch for volume confirmation to validate continuation.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.