buy on weakness

Stellar (XLM) Poised to Extend Gains Ahead of Protocol 23 Upgrade

I see Stellar (XLM) trading around $0.43 after a sharp pullback, yet it has rallied about 12% from recent lows.

I view the upcoming Protocol 23 upgrade and record on-chain TVL as meaningful bullish fundamentals that support a positive long-term outlook despite short-term volatility.

I remain cautiously optimistic and would look to accumulate on weakness while monitoring upgrade progress and market risk.

Source available for registered users Sign Up Free

Analysis

Price action shows a short-term pullback followed by a 12% rebound; the approaching Protocol 23 upgrade and record TVL bolster fundamentals, but volatility and event risk remain, so momentum could be ...

Recommendation

I recommend a buy-on-weakness approach: consider accumulating into dips with sized positions, set clear risk limits, and watch upgrade milestones and TVL trends for confirmation.

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.

You might also be interested in: