Saad Ullah
Stellar (XLM) just had a pretty solid day, jumping 7% in the last 24 hours. The price is now sitting at $0.4162 after hitting a high of $0.419 earlier. What's interesting here is that bulls managed to defend that crucial $0.36 support level – and they're not messing around.
This move is actually leading a broader altcoin rally, which is kind of refreshing given how things have been lately. Trading volume is up a massive 50.05% to $564.03 million, so there's real money backing this move, not just some low-volume pump.
XLM Price Eyes $0.52 Target If Bulls Keep It Up
Here's where things get interesting for Stellar. If XLM can hold steady between $0.42 and $0.45, we could see it push toward that $0.52 target. The $0.36 zone has been rock solid support, and the fact that bulls stepped in there shows they're serious about pushing higher.
But there's a catch – the RSI is showing some divergence, which basically means the price might be getting a bit ahead of itself. That's why volume is so important right now. As long as that trading activity stays strong, XLM has a real shot at hitting $0.52. If volume starts dropping off though, things could get tricky.
The technical setup looks pretty decent overall. Bulls have shown they're willing to defend key levels, and if they can keep this momentum going, we could see some nice upside.
Visa Partnership Gives XLM Real-World Boost
Now here's something that could actually move the needle long-term. Visa just added Stellar to its blockchain settlement network, which is huge for institutional adoption. This isn't just some random partnership – it means Visa's partners can now settle transactions using stablecoins on Stellar's network.
This could be a game-changer for XLM's liquidity, especially in cross-border payments where Stellar already shines with fast speeds and low fees. More institutions using the network means more demand for XLM, which is exactly what bulls want to see.
Veteran trader Peter Brandt is pretty bullish too, saying Stellar could become a "rock star" in crypto. He's basing this on a chart pattern showing a large symmetrical triangle forming – and when those break to the upside, things can get interesting fast.
The big question now is whether Stellar can keep this momentum going while the broader crypto market is still figuring itself out. With solid technicals, increasing institutional adoption, and strong volume backing the move, XLM is definitely one to watch right now.
Saad Ullah
