buy

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.

Source available for registered users Sign Up Free

Analysis

XLM's rally amid a pullback suggests resilient demand. Protocol 23 and rising TVL are credible on-chain catalysts that improve fundamentals, but short-term price swings remain likely as traders positi...

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.

You might also be interested in: