Stellar (XLM) Eyes Bullish Trend with Smart Contract Integration
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Stellar (XLM) Eyes Bullish Trend with Smart Contract Integration

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Azeez Mustapha

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Stellar (XLM) is drawing attention due to its recent integration of smart contracts. This move aims to attract more decentralized applications, marking a crucial shift for Stellar’s network. By enhancing functionality, Stellar is a strong player in the decentralized finance (DeFi) sector. Following this October announcement, XLM saw a price boost from $0.1028 to $0.1186, reflecting positive market sentiment.
 


The addition of smart contracts, alongside a partnership with security firm Certora, boosts Stellar’s reliability and appeal. Though XLM experienced a minor dip post-surge, analysts remain optimistic that these advancements could keep Stellar on a bullish path. As Stellar continues to focus on innovation and security, the network is set for growth and increased adoption. Market watchers predict XLM could reach $0.1190 by early 2024, making it a notable asset in the evolving DeFi space.

Key Stellar Levels To Watch – October 31

Stellar (XLM) eyes a bullish trend with Smart Contract integration.The XLM/USD chart shows a bullish trend, with the price holding above rising trendline support. The pair consolidates near the $0.0950, indicating a potential breakout if momentum builds.
 
MACD (Moving Average Convergence Divergence) signals are showing a bullish crossover, supporting upward movement in the short term. Key resistance levels to watch are at $0.1050 and $0.1140, which, if broken, could accelerate the bullish momentum.

XLMUSD Key Levels

Resistance Levels: $0.1050, $0.1140, $0.1370
Support Levels: $0.0930, $0.0850, $0.0750

XLM Metrics

Total Market Capitalization: $2.44T
Stellar Market Capitalization: $2.87B 
Stellar Volume: $50.13M
Market Rank: #30

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