XLM Poised to Resume Uptrend Ahead of Protocol 23 Upgrade
I see Stellar (XLM) trading at $0.43 after a sharp pullback, but the 12% rally shows buyers remain active. The upcoming Protocol 23 upgrade and record TVL underpin a constructive long-term thesis.
Short-term volatility is possible as the market digests the upgrade timeline, but on-chain strength reduces downside risk compared with many peers.
I prefer accumulating on dips rather than chasing the immediate move, sizing positions prudently and monitoring post-upgrade execution.
Analysis
Recommendation
Buy on weakness for long-term exposure: accumulate on dips around recent support levels, keep position sizes measured, and re-evaluate after Protocol 23 is implemented.
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.