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Stellar (XLM) is poised for a bullish trend as OwlTing Group, a prominent digital wallet provider, has announced its integration with the Stellar blockchain to support USDC stablecoin. This strategic move is expected to enhance Stellar’s ecosystem, offering seamless and secure transactions with USDC.
OwlTing Unveils Integration with Stellar to Support USDC Stablecoin on OwlPay® Wallet Pro: TAIPEI, Aug. 1, 2024 /PRNewswire/ — OwlTing Group, a global blockchain fintech company headquartered in Taiwan, today announced that its digital wallet solution,… https://t.co/OuMPCtOFEA
— Stock Market News (@Stock_Market_Pr) August 2, 2024
The integration promises increased adoption and utility of XLM, driving its popularity and potential value up in the coming months. As more users and businesses leverage the benefits of USDC on Stellar’s network, the demand for XLM is likely to surge, positioning it as a significant player in the cryptocurrency market.
Key Stellar Levels To Watch – August 6
XLMUSD is showing a bullish reversal from the recent support level at $0.0750. The price has broken above the 9-day Simple Moving Average (SMA) at $0.0950, signaling a potential upward trend. The Stochastic RSI shows a bullish crossover near the oversold territory, suggesting increasing buying pressure.
Immediate resistance is seen at $0.0910, with a potential target of $0.1120 if the upward momentum continues. The long-term resistance level at 0.11410 could act as a significant barrier for further price movement. Overall, the pair’s recent price action and technical indicators suggest a bullish outlook for XLMUSD.
Stellar (XLM) Key Levels
Resistance Levels: $0.1120, $0.1140, $0.1370
Support Levels: $0.0910, $0.0770, $0.0750
XLM Metrics
Total Market Capitalization: $1.94T
Stellar Market Capitalization: $2.67B
Stellar Volume: $107.09M
Market Rank: #28
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