Stellar (XLM) Price Explodes 52%, Breaks Resistance and Eyes $0.60 Target

• XLM’s breakout pattern signals strong bullish continuation and momentum.
• PayPal’s PYUSD integration boosts Stellar’s real-world utility and adoption.

Stellar Lumens (XLM) had shown a significant rally, breaking out of a prolonged downtrend and climbing sharply over the past week. World Of Charts reported that XLM broke out of a long-term descending triangle, indicating the start of a bullish continuation phase. 

The breakout began with XLM at $0.2986, supported by a 3.57% daily gain. By July 11, the price had surged to $0.3185, marking a 5% daily rise and projecting a potential upside of 97.76% from the breakout point.

Analysts forecast a 125.54% gain, targeting the $0.60 region, with resistance expected around $0.45. Key support remains near $0.25. Since the breakout began, the token has already run over 20% in profit. 

Stellar Gains Boosted by Strong Volume and PayPal Expansion Plans

Coinmarketcap data show XLM rallied 52.89% over the past seven days, hitting $0.3636 at the peak. The rally was supported by a 131.4% surge in 24-hour trading volume, which reached $1.44 billion. The token’s market capitalization also rose 22.19%, hitting $11.29 billion, reflecting increased investor interest.

CoinCryptoNewZ previously reported that PayPal plans to expand its stablecoin, PYUSD, to the Stellar blockchain. This move, part of PayFi’s initiative, is pending approval from the New York Department of Financial Services (NYDFS). 

Stellar CEO Denelle Dixon said this integration will improve access to capital and global remittances in over 170 countries, strengthening the blockchain’s utility in digital payments.

With bullish momentum supported by both technical indicators and real-world use cases, Stellar Lumens remains in focus. If market volume remains strong and resistance levels are cleared, XLM may continue its upward trajectory in the short term.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.