Stellar’s Daily Support Could Trigger 19% Move To $0.53
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Hello️
Let’s analyze Stellar’s price action both technically and fundamentally.
Fundamental analysis:
Stellar’s Protocol 23 upgrade adds Soroban smart contracts and faster transactions, aiming for 5,000 TPS to compete with Ethereum in DeFi.Technical analysis:
XLMUSDT is holding key Fibonacci levels near strong daily support and a solid trendline. If this area remains intact, a 19% rally toward $0.53 is likely.We put love into every post!
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The Protocol 23 upgrade is a huge step forward for Stellar. Adding Soroban smart contracts and aiming for 5,000 TPS changes the game — it puts XLM in a position to compete directly with Ethereum in certain DeFi use cases, but with faster settlement and lower costs. That’s a compelling value prop, especially for developers looking for efficiency without sacrificing decentralization.On the chart side, the confluence of Fibonacci support and a solid trendline is exactly the kind of technical base you want before a breakout. If we hold this zone, the projected 19% move to $0.53 isn’t just plausible — it lines up perfectly with momentum indicators and the broader market tone.I’m watching for confirmation on volume before loading up, but the fundamentals + technicals combo here is stronger than we’ve seen in a while for XLM.
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Stellar finally feels like it’s stepping into a bigger role in the crypto ecosystem. Soroban smart contracts + 5,000 TPS opens up entirely new categories of applications that simply weren’t possible on XLM before. Combine that with their established payment rails and partnerships, and you’ve got a chain that can serve both retail remittances and complex DeFi products.From a technical perspective, this support zone is critical. Holding it could trigger a clean leg up toward the $0.53 target — roughly 19% from here — while also flipping market sentiment in XLM’s favor. Lose it, and we’re probably looking at a retest of deeper supports before the next rally attempt.Either way, with Protocol 23 live and DeFi now in play, I think XLM has a much stronger growth narrative than it did just a few months ago.