Connect with us

Crypto World

Stellar (XLM) outlook: recovery signals emerge amid long-term growth prospects

Published

on

Stellar (XLM) price outlook
Stellar (XLM) price outlook
  • Stellar (XLM) shows short-term recovery potential around $0.15–$0.23.
  • Oversold indicators suggest a possible upward correction soon.
  • Long-term adoption could drive significant value growth.

Stellar has recently shown signs of stabilising after a bearish period followed by consolidation.

The current XLM price hovers around $0.156, reflecting modest upward movement in the past 24 hours.

In addition, the token’s trading volumes remain healthy at nearly $97 million over the last day, signalling that market participants are actively engaging with the token.

Despite the ongoing volatility, the cryptocurrency is demonstrating key technical behaviours that hint at a potential recovery in the short term.

Short-term XLM recovery signals emerge

After a 31% decline in a month, the immediate support zone around $0.15 has been critical in preventing a further downside for Stellar Lumen’s XLM token.

Advertisement

Price action indicates that XLM is testing a make-or-break region, where sellers have been active but not dominant.

Exchange inflows data suggest that some investors are moving coins onto trading platforms, which could temporarily increase selling pressure.

However, technical indicators like the Relative Strength Index (RSI) suggest that the coin is near oversold conditions, often a precursor to upward correction.

Stellar (XLM) price analysis
Stellar price chart | Source: TradingView

If the upward recovery happens, the immediate short-term recovery targets range from $0.18 to $0.23 if the support holds and momentum shifts favourably.

While the XLM price is currently trading below key moving averages, reflecting a cautious outlook, the convergence of indicators points toward a possible stabilisation.

Advertisement

Breaking above $0.18 would signal a strengthening trend and could pave the way for a test of the $0.23 level in the coming weeks.

But until these levels are convincingly breached, bearish pressure remains a concern.

Long-term Stellar growth prospects

Beyond short-term fluctuations, Stellar’s long-term outlook remains compelling.

XLM has historically been tied to cross-border payments and financial infrastructure, which gives it real-world utility beyond speculative trading.

Advertisement

Analysts forecast that as adoption grows, XLM could see substantial appreciation over the next few months, with potential price levels ranging significantly higher than today.

Even modest increases in network activity, stablecoin usage, and partnerships with financial institutions could drive long-term value.

The coin’s past all-time high near $0.88 demonstrates its capacity for growth, despite the current market price being a fraction of that peak.

Stellar’s network fundamentals, combined with increasing adoption of blockchain-based payment solutions, create a foundation for sustained growth.

Advertisement

Investors looking at a long-term horizon may view the current price as an entry point ahead of broader adoption and utility expansion.

While short-term volatility will likely persist, the convergence of recovery signals and long-term adoption prospects creates a favourable risk-reward scenario.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Ledger Wallet Adds OKX DEX for On-Device DeFi Swaps

Published

on

Ledger Wallet Adds OKX DEX for On-Device DeFi Swaps

Ledger, the French digital asset security company known for its hardware wallets, has integrated OKX DEX into its Wallet app, enabling users to execute multichain token swaps directly from a self-custodial environment.

According to the company, the integration provides access to OKX DEX’s liquidity aggregation from within the Ledger Wallet app, allowing users to swap tokens with the need to interact with external decentralized exchange interfaces.

Ledger said trades are routed using OKX DEX’s proprietary X-Routing technology, which aggregates liquidity across hundreds of decentralized exchanges to identify efficient execution paths. Transactions remain signed on the user’s Ledger device, with private keys never leaving the hardware wallet.

Advertisement

A spokesperson for Ledger told Cointelegraph that access to the OKX DEX integration is rolling out gradually, starting with availability for about 20% of Ledger Wallet users beginning today, with no device firmware or app update required.

At launch, swaps are supported on Ethereum (ETH), Arbitrum (ARB), Optimism (OP), Base (BASE), Polygon (POL) and BNB Chain (BNB), with no cross-chain or cross-seed swaps enabled.

OKX DEX is a decentralized exchange aggregator within the OKX ecosystem that routes trades across multiple onchain liquidity venues, separate from the company’s centralized exchange.

Related: Uniswap lands on OKX’s X Layer as exchange deepens DeFi strategy

Advertisement

Crypto IPOs expected in 2026

The integration follows reports in January that Ledger is exploring a US initial public offering that could value the company at more than $4 billion, with Goldman Sachs, Jefferies and Barclays involved in early discussions.

While Ledger would not confirm the reports, if true, it would join a growing list of crypto companies with their eyes set on public listings this year.