Stellar's XLM is gaining momentum, trading above the $0.24 support level, with analysts eyeing a potential rise to $0.34. This price target, previously a support level, now serves as a resistance point as buyers regain control following recent downward pressure.
In parallel, PayPal's stablecoin PYUSD is expanding its reach across multiple blockchains, including Solana, with discussions underway about its integration with Stellar. Analysts note that Stellar's speed and efficiency make it an attractive option for stablecoin settlements, potentially enhancing XLM's utility and network activity.
Stellar's XLM Targets $0.34 Amid PYUSD Blockchain Expansion
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