Can Stellar (XLM) Price Cross $1 After PayPal USD (PYUSD) Integration?
Stellar (XLM) has been a key player in institutional adoption since PayPal just launched its USD-backed stablecoin PYUSD on the Stellar
Quick overview
- Stellar (XLM) has gained institutional traction with PayPal's launch of its USD-backed stablecoin PYUSD on the Stellar platform.
- XLM is currently trading above $0.36, showing stability and potential for a breakout as technical indicators align with positive fundamentals.
- The integration with PayPal highlights Stellar's efficient payment infrastructure, making it a viable alternative to traditional banking systems.
- Analysts predict that if XLM surpasses the $0.372 resistance level, it could target $1, supported by both technical momentum and strong institutional backing.
Stellar XLM/USD has been a key player in institutional adoption since PayPal just launched its USD-backed stablecoin PYUSD on the Stellar platform. XLM is trading above $0.36 and has been quite stable for the past 24 hours. This suggests that it could break out as technical indications line up with fundamental factors.
PYUSD Integration Validates Stellar’s Payment Infrastructure Capabilities
The integration is a big vote of confidence in Stellar’s infrastructure, since PayPal chose the network because it is faster and cheaper than others. Stellar’s 5-second finality and low transaction costs make it a great alternative to traditional banks and busy blockchain networks. It lets you send money over the world without any old problems.
XLM/USD Technical Analysis: Critical Resistance Levels at $0.372 and $0.50
Market experts are keeping a careful eye on XLM’s technical setup, which looks like it might be starting to turn bullish. The cryptocurrency has sent out its first bullish SuperTrend signal in two weeks, turning positive in the $0.357-$0.360 support zone. This change in momentum has brought XLM to a crucial point at $0.372 resistance, where past rallies have stopped.
Ali Martinez, a well-known analyst, has noticed the present consolidation pattern below the $0.50 level. He sees this price point as a key breakthrough level. If the price stays over $0.50, it might start a rebound toward the psychologically crucial $1 target, which would be a gain of around 180% from where it is now.
The technical indications give a mixed but cautiously optimistic picture. The Relative Strength Index (RSI) is close to neutral at 50, and the Moving Average Convergence Divergence (MACD) is just over zero. This means that the momentum is balanced but could go up.
Stellar’s Institutional Adoption Creates Strong Fundamental Foundation
Stellar’s ecosystem advances are making a strong case for further expansion, even beyond technical issues. Recently, the Stellar Development Foundation said that its network now has access to more than $3 billion in real-world assets. PayPal, Ondo Finance, and Mercado Bitcoin are some of the most well-known companies that are part of this.
The PYUSD connection is special because it works with Stellar Asset Contracts, which lets developers make payment solutions that can be programmed. This feature turns a simple stablecoin into a powerful financial instrument by allowing automatic payments, conditional disbursements, and decentralized finance apps.
Stellar’s expanding prominence in the cross-border payments and asset tokenization industries is further shown by its strategic agreements with major financial institutions like Mastercard and MoneyGram.
Stellar (XLM) Price Prediction: Volatile but Promising Outlook
If XLM can break through the $0.372 resistance level, analysts say the first objectives will be between $0.390 and $0.400. If the momentum keeps going, it might even reach $0.48-$0.50. A strong breakout over $0.50 might start the expected rise toward $1, with both technical momentum and fundamental factors backing it up.
But if the current support levels aren’t kept up, there are chances of going down. If XLM breaks below $0.357, it could drop even more toward $0.345. If the overall market mood gets worse, it could drop even more.
The cryptocurrency’s recent consolidation above the important $0.37 horizontal support level shows that it is strong, and the wedge formation that is forming on daily charts generally comes before big breakouts. Bitcoin is still strong around $112,000, and the market is feeling better, which is good news for altcoins. Stellar looks like it is in a good place to start a recovery phase.
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