Stellar (XLM) Price Eyes Breakout to $1.5 as Stablecoin Supply Nears $1B
Stellar's (XLM) price is gaining momentum as it approaches a key support level that has remained intact across multiple market cycles. According to analysts, holding above this level could reinforce bullish sentiment and establish the foundation for another sustained recovery phase.
The cryptocurrency has repeatedly respected this macro trend in the past, making the current level technically significant. The chart suggests a patient buildup and expansion of XLM rather than a quick breakout, with some traders predicting a larger wave ahead towards $1.50.
Stellar's stablecoin supply is nearing $1 billion after a weekly surge of 9.8% to reach $987.6 million. This growth in liquidity points to increased activity on the network, benefiting DeFi projects and payments.