XLM Strengthened by Protocol 23 Upgrade and Record TVL
I see Stellar (XLM) trading at $0.43 after a 12% rally despite a sharp pullback; the price action shows short-term volatility but sustained buyer interest. I remain positive given the backdrop.
The upcoming Protocol 23 upgrade and record total value locked are meaningful fundamentals that support a constructive long-term outlook for Stellar, though traders should respect potential near-term retracements.
Analysis
Recommendation
Maintain a bullish stance: consider buying for the long term or scaling in on weakness while using stop-losses to manage volatility around the upgrade event.
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.