Stellar Poised to Continue Gains as Protocol 23 and Record TVL Bolster XLM
I see Stellar (XLM) trading around $0.43 after a 12% rally following a sharp pullback. The bounce shows buyer interest despite recent volatility.
I believe the upcoming Protocol 23 upgrade and record total value locked are durable bullish fundamentals that support a positive long-term outlook, though price swings may persist in the near term.
Analysis
Recommendation
Buy on weakness: consider accumulating on dips ahead of Protocol 23 while using position sizing and stops to manage near-term risk; long-term holders can maintain exposure.
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.