- XLM holds key Fibonacci supports, indicating potential wave 3 breakout.
- Visa selects Stellar for global stablecoin platform integration initiative.
- Stellar DeFi TVL reaches $143M, marking peak network activity growth.
Stellar Lumens (XLM) is aligning with a bullish Elliott Wave structure, suggesting the asset may have completed a corrective phase. Analysis by More Crypto Online shows that XLM has completed a corrective wave and is now moving toward higher Fibonacci extension targets.
The price recently retraced to key Fibonacci support zones at 38.2% ($0.37609) and 50% ($0.34124). This pattern aligns with a completed corrective wave and the start of wave 3, typically the strongest impulse in Elliott Wave theory.
Analysts noted that XLM is holding above critical support, keeping the bullish structure valid unless the price falls below the 50% level. At press time, XLM is currently trading at $0.4151, having risen 4.68% in the past 24 hours.
If momentum continues, price targets based on Fibonacci extensions project $0.49, $0.54, and $0.60 as the next levels. Analysts tracking the structure have emphasized the importance of maintaining levels above $0.341 to confirm the upward impulse.
Visa Confirms Integration with Stellar Network
Visa has officially confirmed its support for the Stellar network, integrating it into its global stablecoin payment system. According to the announcement, Stellar is the only non-proof-of-stake distributed ledger technology included in the platform.
This sets Stellar apart from other blockchain projects, as it uses a consensus protocol that avoids energy-intensive mining and staking mechanisms. The integration aims to enhance the efficiency of cross-border payments by leveraging Stellar’s transaction speed and low cost.
Visa’s support reflects growing recognition of Stellar’s technical infrastructure and its practical application in financial services. This move places Stellar alongside other blockchain partners in Visa’s push toward scalable, blockchain-based payment rails.
Stellar DeFi TVL Hits Record High
Stellar’s on-chain activity has surged, with its Total Value Locked (TVL) in DeFi reaching an all-time high of $143.21 million. DeFiLlama reports that this marks the highest TVL ever recorded on the Stellar network, indicating increased participation and capital inflow into its decentralized applications.
This rise in TVL suggests that users are deploying more assets on Stellar-based protocols, reinforcing network utility and user engagement. The growth in TVL follows the network’s recent technical breakout and ongoing institutional partnerships.
Analysts monitoring DeFi trends have cited this metric as a key indicator of network health and broader adoption within the crypto ecosystem.
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.
