Stellar's $0.20 Resistance Level Could Decide XLM's Next Move

Stellar's XLM token is testing $0.20 and analysts believe that clearing this resistance level could open the door to higher targets, including the potential upside of $0.23-$0.26.

More Crypto Online, a crypto analyst, believes that Stellar is still developing a bullish c-wave pattern, which could push the XLM price toward the mentioned range.

The current trend suggests that buyers have worked the token back up toward $0.19 after it fell from around $0.40 to roughly $0.133.

Stellar's DTCC link and strong network activity add to its growth story, with the network handling 11.6 million transactions in a single day, showing that Stellar can process large amounts of activity without relying on future growth.