CandleFocus

Major Stellar (XLM) Metric on Massive Rise: Here's What's Happening

The total value locked (TVL) in Stellar's ecosystem has seen a significant increase, indicating growing confidence in the network and decentralized finance. However, the price of XLM has not reflected the same level of excitement, currently trading around $0.418. Resistance at $0.428 is preventing further upward movement, but breaking above this level could lead to a higher range of $0.44-$0.45. A crucial support level is at $0.36-$0.34. The increase in TVL suggests a growing flow of liquidity into Stellar, potentially driving demand for XLM and raising its price. Long-term growth depends on maintaining high TVL levels and dApp adoption.

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