- XLM is forming an inverse head and shoulders pattern near the $0.37 level
- PayPal will integrate PYUSD stablecoin on the Stellar blockchain
- XLM may rise toward $0.95 if price breaks above the $0.50 neckline
XLM has formed a classic inverse head and shoulders pattern, a setup many traders recognize as a possible bullish signal. The left shoulder began forming in January, the head took shape in April and May, and the right shoulder is now building in August.
Currently, XLM trades near $0.37. Analysis by Ali Martinez shared on TradingView swhow the price could temporarily fall toward the $0.33 Fibonacci retracement level. This area may offer a buying opportunity before a potential price breakout.
Martinez suggested that if XLM breaks the neckline at around $0.50, the next target levels could include $0.64, $0.75, $0.85, and $0.95. This forecast is based on historical technical patterns and volume trends. A sustained move above $0.50 could signal increased bullish momentum and investor interest in the asset.
XLM has seen growing trading volume over recent weeks, aligning with the setup. Many traders are watching for confirmation of the breakout above $0.50 before considering further price action.
PayPal Expands PYUSD Stablecoin to Stellar Network
The Stellar Development Foundation confirmed that PayPal’s PYUSD stablecoin will be available on the Stellar network. Denelle Dixon, CEO of the foundation, stated that this move will give PYUSD users access to the network’s existing financial services.
“The integration of PYUSD with Stellar supports accessible and fast financial tools for users around the world,” Dixon said. The partnership brings one of the largest fintech names into the Stellar ecosystem, with the aim of increasing liquidity and utility.
Stellar is designed to support fast and low-cost transactions and is often used in cross-border payments. Adding PYUSD to this environment could offer faster settlement and lower fees for users transacting with stablecoins.
Crypto analysts say the move reflects how Stellar’s design supports asset issuance and transfer, making it suitable for stablecoins like PYUSD. Crypto Daddy, a known figure in the space, commented that the Stellar network is “built for this kind of integration.”
Symbol Use and Branding Adjustments for Financial Clarity
Kraken, a major crypto exchange, uses an asterisk (*) to represent XLM. This character comes from the Unicode symbol used in financial data systems. The choice aligns with Stellar’s focus on global banking and finance use cases.
Stellar previously used a rocket in its branding. However, it changed to a more minimal design, reflecting a professional shift toward financial system compatibility. The Unicode standard is widely used in credit transfers, supporting cross-border and institutional usage.
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.
