Stellar XLM Prepares for 2025 Bull Rally Amid Market Correction
Stellar (XLM) is positioning itself for the 2025 bull rally after a period of correction since December 2024. Key points include:
- XLM has a fully diluted valuation of approximately $16.9 billion and a 24-hour trading volume around $202 million.
- The altcoin broke out from a six-year triangular consolidation, similar to the 2017 crypto bull rally.
- A support level established at 32 cents could lead to a rebound towards its all-time high.
- A breakout from the falling trend line may target prices between 75 cents and 92 cents.
- If XLM closes below 32 cents, it could drop to 27 cents, aligning with the 0.236 monthly Fibonacci Retracement.
Reasons for Increased Interest in XLM
- The Stellar network has developed a web3 ecosystem with approximately $62 million total value locked and $236 million in stablecoin supply.
- Plans to scale the real-world assets (RWA) space from $457 million to $3 billion are underway.
- Institutional investors like Franklin Templeton are involved, with Franklin launching a tokenized treasury fund on the Stellar network in Luxembourg.
- By end of 2024, Stellar aims for over 9 million total addresses, supported by the Soroban smart contract platform.
- Future partnerships and network updates are expected to foster growth in 2025 and beyond.