Stellar Poised to Gain Ahead of Protocol 23 Upgrade
I see Stellar (XLM) trading around $0.43 after a 12% rally off a recent sharp pullback. The price action looks healthy given the momentum and the fact that the market digested the drop quickly.
I remain constructive on the long term: record TVL and the forthcoming Protocol 23 upgrade are meaningful fundamentals that could support further appreciation, though short-term volatility is likely as the upgrade approaches.
Analysis
Recommendation
I'm inclined to buy on weakness: accumulate on dips, size positions gradually, and use a stop below recent structural support while monitoring upgrade progress and TVL trends.
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.