Stellar's XLM price experienced a drop of nearly 8% in the last 24 hours, but technical indicators are showing signs of a bullish reversal. Analysts believe that strong technical patterns and growing blockchain adoption are driving forces behind XLM's rally. Key support at $0.40 is being watched by traders to sustain upward momentum. Analysts predict potential targets of $0.5666, $0.6242, and $1. A breakout from a falling wedge pattern is seen as a critical point for XLM's price action. The bullish flag pattern on the XLM/USDT 4-hour chart suggests a continuation of the upward trend. If the trend continues, XLM may reach its 52-week high. Market sentiment towards Stellar is positive due to its involvement in blockchain development, including CBDCs and cross-border payment systems. Short-term price fluctuations may occur due to recent transfers of XLM to exchanges. Analysts remain optimistic and predict that XLM could reach $1 this quarter if the current upward trend continues.



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