Main information:
- Franklin Templeton will transfer $ 1.7 billion using the Stellar blockchain.
- The daily activity of the XLM exceeds 20 million units, which is greater than its rivals.
- Traders are considering a break over $ 0.29 for a goal of $ 0.34.
The price of Stellar (XLM) is strengthened as the interest of institutions and individuals increases. This dynamic is reinforced by a robust network activity and key technical indicators indicating additional growth.
Daily operations on Stellar have exceeded 20 million. In addition, a large financial company, Franklin Templeton, plans to adopt the network, which strengthens market confidence in the token.
Stellar activity exceeds 20 million daily activities
The blockade of Stellar experienced a 35 % increase in its daily activity, exceeding 20 million, the highest level since the end of 2024. This high increase reflected strong use, in particular in token transfers and decentralized exchange operations (DEX).
The price of the XLM reacted to this activity by exceeding its 200 -day mobile average and by negotiating around $ 0.27. Analysts note that if this level has already triggered volatility in the past, the current movement suggests a possible reversal of trend.
The RSI index is close to 58, which is considered to be bullish but still below the Surachat threshold. The support is currently between $ 0.260 and $ 0.265, while resistance levels are formed almost $ 0.295 and $ 0.300. If Stellar Can maintain levels above $ 0.29, analysts expect a rally to $ 0.34 in the short term.
M2 liquidity growth highlights the potential for increased XLM
Data analysis indicates that price performance Stellar diverge from the values of the world monetary mass M2. Global monetary liquidity (M2 offer) continues to increase, which indicates an increasing financial expansion.
However, the XLM has not yet found its previous summits, which suggests a potential gap in the reaction of the price. In the past, the token has seen its price appreciated after global liquidity increased following a previous divergence scheme.
A possible XLM breakout seems likely because existing price models show signs of restoring their historical relationship. The current value of $ 0.277 is still lower than previous summits of the market.
However, thanks to solid macroeconomic liquidity conditions, the price has an additional potential. Market operators monitor the price movements of Stellar And the models of exchange volume to validate the upward trends requiring the crossing of crucial resistance points.
Franklin Templeton relies on Stellar to transfer 1.7 billion of dollars in active
The Stellar project is increasingly attracting the attention of institutional organizations. Financial giant Franklin Templeton declared its intention to transfer $ 1.7 billion of dollars in assets through the blockchain infrastructure. This includes network operations Stellar.
The company chose Stellar because its transaction model offered low costs and great efficiency. Transaction costs on Stellar amount to around $ 120 for the treatment of 50,000 transactions. On the other hand, traditional financial systems generally charge $ 50,000.
By integrating the network StellarFranklin Templeton plans to save more than $ 200 million a year. The system improves efficiency by eliminating errors and rationalizing transactions, which strengthens its value in financial operations.
Stellar is a robust blockchain network that offers institutions fast and inexpensive financial transactions. Its efficiency and reliability make it an ideal choice to rationalize operations in the financial sector.
Technical indicators support the continuation of the upward trend
XLM is inside its Bollinger strip on the upper part of the 1 day XLM/USDT graph of Binance. A position close to the upper part of the Bollinger bands indicates the market strength in most cases.
The monetary flow index (69.79) indicates a strong influx of capital, reflecting the growing interest of the market. However, short -term potential exhaustion could be a key factor in monitoring short -term price action.
The RSI is maintained at 55.65, which indicates a moderate upward dynamic despite the possibilities of price growth in the future. The current cumulative volume delta shows a negative change, which indicates temporary fears on the part of sellers on the market.
This evolution did not affect the overall structure of the upward trend in the market. An additional bullish feeling emerges from the data presented on Coinglass.
Stellar experienced zero or negative financing rates in February and March. However, the price went to a positive financing rate in mid-April. When operators pay for long positions, this indicates that they are more and more convinced that prices will increase.
The market shows greater interest in upward price movements since the feeling improves. However, the movement towards favorable funding rates indicates that the downward pressure has weakened and that more traders will probably accumulate this asset.
Non-liability clause
In this article, the points of view and the opinions expressed by the author or by any person quoted are given as information only and do not constitute advice on investment, finance or other. Trade or investment in cryptocurrencies has a risk of financial loss.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.
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