Stellar Poised for Further Upside Ahead of Protocol 23 Upgrade
I see XLM trading around $0.43 after a sharp pullback, yet it rallied roughly 12% recently — a sign that buyers remain interested despite short-term volatility.
I remain constructive on the long term: the upcoming Protocol 23 upgrade and record TVL are meaningful bullish catalysts, though I expect price swings until the upgrade is fully priced in.
Analysis
Recommendation
Consider buying on weakness: accumulate into dips with size management and monitor the Protocol 23 timeline and TVL trends for confirmation; keep stops or position limits for short-term volatility.
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.