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Stellar soars amid a bullish surge and strategic alliances. Cryptocurrencies are undergoing a thrilling upswing, with popular assets like XLM preparing for a positive leap. The confidence and zeal of Stellar investors are creating a stir in the financial world. Stellar is expected to have a bull market surge due to its strategic partnership with Certora. This collaboration strengthens security on Stellar’s Soroban intelligent contract platform by utilizing cutting-edge formal verification capabilities.
Mercury is an indexer specifically designed for #Stellar and #Soroban. Its indexing capabilities are therefore stellar development-oriented.
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— xyclooLabs (@xyclooLabs) October 30, 2023
Stellar is a well-known player in the cryptocurrency space because of its dedication to improving its smart contract architecture at a time when blockchain security is crucial. With the release of this information and a positive market trend, the Stellar coin’s value increased from $0.101 to $0.118. Experts predict that XLM’s price will continue to rise, with estimates for the fourth quarter of 2023 putting it between $0.15 and $0.17.
Stellar Key Levels To Watch—October 30
According to the MA Cross, the XLM market is currently in a bullish trend. Since the beginning of the year’s third quarter, the trading range of the market has been between the $0.0750 support and $0.1960 resistance.
A Fair Value Gap lies ahead of the Stellar price as the market keeps rallying. Coupled with selling pressure in the overbought region, as indicated by the Relative Strength Index (RSI), a short-term downside pullback is imminent in the XLM/USD market.
Stellar Key Levels
Resistance Levels: $0.1350, $0.1810, $0.1960
Support Levels: $0.1110, $0.0950, $0.0750
XLM Metrics
Total Market Capitalization: $1.27T
Stellar Market Capitalization: $3.3B
Stellar Volume: $101M
Market Rank: #23
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