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2d ago

Stellar’s XLM Sustains Rally as Visa Settlement and Marketnode Integration Bolster Momentum

Clearing the $0.47–$0.48 pivot could trigger short squeezes that propel XLM toward $0.50–$0.64

XLM
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Overview

  • XLM is trading around $0.45 with daily volumes between $423 million and $517 million, reflecting strong spot market participation.
  • Technical indicators show a MACD histogram now positive and RSI near 62, supporting the continuation of higher highs and lows.
  • Analysts say that holding $0.39 is critical to preserve the bullish uptrend and that a sustained move above $0.47–$0.48 would shift this pivot into support.
  • Futures open interest has risen over 6% with short positions clustered near $0.47, and a break above $0.48 could liquidate about $4.09 million in shorts.
  • On August 11, Visa expanded its stablecoin settlement to Stellar and Marketnode integrated XLM for institutional tokenization, adding fundamental demand drivers.