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Stellar (XLM) surged 12% on the Soroban launch and breakthrough potential, with more analysts interested in the market. XLM has surged nearly 12%, buoyed by strong on-chain market statistics and a recent development.
Crypto analyst @JavonTM1 predicts a jaw-dropping 603% surge of $XLM, with the potential to multiply 7.02x its current value! 💥
— Zain Haider (@zainhaider332) July 14, 2024
The breakout is real, and the sky’s the limit for Stellar! 🚀 #Stellar #XLM pic.twitter.com/OAkoOqiARP
The introduction of Soroban, a new smart contract platform, enhances performance, sustainability, and security within the Stellar ecosystem, attracting global users and developers. Crypto analyst Crypto Tony has highlighted XLM’s potential to break through the $1 resistance level, suggesting further gains ahead. If XLM sustains this momentum, market participants could see continued upward movement, solidifying its bullish outlook.
Key Stellar Levels to Watch – July 14
Stellar (XLM) has recently broken out of a downtrend resistance line. This indicates a bullish reversal as the price moves above the 9-day SMA, further supporting the bullish momentum.
Additionally, the MACD is showing a bullish crossover, reinforcing this positive outlook. The overall direction for XLMUSD is bullish, with strong indicators pointing to continued upward movement.
Stellar (XLM) Key Levels
Resistance Levels: $0.1140, $0.1370, $0.1630
Support Levels: $0.0910, $0.0750, $0.0670
XLM Metrics
Total Market Capitalization: $2.21T
Stellar Market Capitalization: $3.03B
Stellar Volume: $147.33M
Market Rank: #28
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