Stellar’s Recent Partnership is Poised to Fuel a Bullish Market

IBM’s partnership with Stellar is poised to fuel a bullish market for XLM. The integration of Stellar’s blockchain into IBM World Wire showcases unprecedented efficiency in global transactions, amplifying the significance of XLM as a pivotal bridge currency. Stellar’s renowned network, with its low transaction costs and credit issuance capabilities, positions XLM favorably.
 

🚨 Stellar $XLM & IBM Creating “Global Payments Network” !!👀📈

IBM utilized the Stellar blockchain to create the IBM World Wire, a global payment network. Leveraging the capabilities of the $XLM blockchain, IBM World Wire is reducing the costs and increasing the efficiency of… pic.twitter.com/yvQdOowx6T

— Good Morning Crypto (@3TGMCrypto) February 5, 2024

The Stellar consensus protocol not only boosts transaction speed but also conserves energy, adding to the allure. Most crypto signals are in the bulls’ favor in anticipation of the next crypto bull market and the transformative impact of IBM’s strategic use of Stellar technology. Moreover, this partnership also emphasizes the potential for long-term value in XLM.

Key XLM Levels To Watch – February 6

A bullish trend emerged from the $0.1010 demand zone in October 2023. During the emergence of the bullish trend, a bullish order block and a Fair Value Gap formed.
 
According to the Moving Average, the price is heading downward into the bullish order block. The bullish trend resuming is highly probable as the market becomes oversold in the bullish order block.

XLM/USD Key Levels

Resistance Levels: $0.1380, $0.1700, $0.1810 
Support Levels: $0.1010, $0.0950, $0.0750

Stellar Metrics

Total Market Capitalization: $1.57T
Stellar Market Capitalization: $3.1B
Stellar Volume: 49M
Market Rank: #25

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