XLM, the cryptocurrency of the Stellar network, has experienced impressive growth in on-chain activity, with a 37% increase in weekly active addresses and a 37.3% increase in weekly transactions. Despite market volatility, these metrics demonstrate the growing usefulness and engagement within the Stellar ecosystem. XLM is currently trading at $0.4061, showing a 3.78% increase from the previous day. Stellar's role in cross-border payments and DeFi initiatives is likely the cause of the rising transaction volume and active addresses. The technical indicators suggest caution, as a strong bullish trend has not been confirmed by volume, and the RSI is in a neutral zone. If XLM fails to break above $0.44, it may retest support levels at $0.39 and possibly $0.30, which could lead to a deeper retracement. However, regaining $0.44 could pave the way for reaching recent highs of $0.55. The increasing addresses and transactions reflect growing trust in Stellar's ecosystem, and there is potential for a sustained rally in XLM as long as the fundamentals remain strong. It is important for investors to monitor price levels and market conditions.



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