Stellar (XLM) Sees Significant Pump: Updates and Support Levels

2023年7月14日

Stellar had a significant pump yesterday due to two events: the implementation of Soroban in recent weeks and the partial victory of XRP against the SEC. That being said, XLM now needs to hold at $0.13, which should provide excellent support for building a strong bullish structure. If the support doesn't hold, we may see XLM drop to $0.10, but it would be a minor setback considering the effort it made to break through $0.13.

With that being said, I expect that if Stellar establishes a solid structure, it can achieve impressive results in a matter of weeks, as it has done in the past. However, it is incorrect to view it as just a copy of XRP. Stellar is a related cryptocurrency but with a completely different focus on decentralization.