Why is Stellar's XLM up by Over 50% This Week?

XLM

XLM/USDT

$0.2183

-0.09%

$0.2183

-0.09%

(24s)

24h Volume

$227,785,500.17

24h H/L

$0.2265 / $0.2147

Change: $0.0118 (5.50%)

Funding Rate

+0.0065%

Longs pay

Data provided by COINOTAG DATALive data

XLM

Daily

$0.2182

▼ -0.95%

Volume (24h): -

Resistance Levels

Resistance 3$0.2580

Resistance 2$0.2382

Resistance 1$0.2205

Price$0.2182

Support 1$0.2099

Support 2$0.1987

Support 3$0.1802

Pivot (PP):$0.220533

Trend:Uptrend

RSI (14):63.6

Cointelegraph Staff

(01:34 PM UTC)

1 min read

Approved bySarah Chen

0 comments

Stellar’s native token, XLM, has rallied more than 50% this week, outperforming the broader crypto market, which has declined by nearly 5% in the same period.

Key takeaways:

US financial giant DTCC announced it would integrate its tokenized securities platform with the Stellar Network.
XLM rallied by over 50% after the announcement, but risks a sharp downside in the coming weeks.