Stellar news

PayPal's US dollar stablecoin PYUSD is now live on Stellar, offering low‑fee, ~5‑second transfers and supporting fiat ramps. The launch is paired with Stellar’s Whisk upgrade, which introduced parallel smart‑contract execution and raised throughput to around 5,000 TPS, enabling efficient scaling for PYUSD. In addition, Ondo Finance introduced USDY, a yield‑bearing stablecoin backed by US Treasuries and bank deposits, already integrated into several Stellar wallets and exchanges. Despite the infrastructure boosts, Stellar’s native token XLM slipped about 1.3 % on launch day and was down nearly 2 % within 24 hours, trading near $0.39. Analysts note that price volatility reflects liquidity and risk sentiment, and the combination of a major fintech partner and new yield assets could strengthen XLM’s fundamentals. Overall, the partnerships and technical upgrades highlight Stellar’s ongoing focus on payments and may gradually support a bullish outlook for its ecosystem.

XLM has surged nearly 300% in the past year, outpacing Bitcoin and Ethereum, but after falling 12% last month, traders expect a September rebound. Usage grew as accounts jumped from 8.6 million to 9.7 million and the network processed 264.6 million payments in July–August, a two‑year high, while transaction failures fell. Protocol 23 (“Whisk”) launched on Sept. 3 added eight Core Advancement Proposals that cut latency, lower fees, and boost scalability. The SEC’s fast‑track ETF list now includes XLM among ten tokens, a potential listing that could inject liquidity and spur institutional capital. U.S. Commerce posting quarterly GDP data on Stellar further legitimizes the network, while broader volatility remains a factor; overall, the mix of upgrades, adoption, and ETF prospects paints a cautiously positive outlook.

The crypto market closed August at a $3.87 trillion cap, just below the $4 trillion threshold, but a September rebound is expected as possible rate cuts lift risk appetite. Three lesser‑watched Made‑in‑USA coins—Stellar, Story, and Pi—could see renewed attention. Stellar, down 8.7% in August, benefits from a 12.9% rise in real‑world asset holdings and a bullish divergence that may push price toward $0.36‑$0.37. Story (IP) surged 30% in 24 hours, posted 91% three‑month gains, and broke a bearish pattern, targeting resistance near $8.23 before a possible new high. Pi (PI) fell 55% year‑on‑year but recently gained momentum from a protocol upgrade and a new ETP, with inflows hinting a rise to $0.46. If these bullish setups hold, September could offer short‑term trades, yet falling below key support levels would expose deeper downside risks.

Stellar’s XLM token barely moved over 24 hours, falling 2.8% in the week while rising more than 35% over three months. Weak DeFi activity has curbed momentum; TVL hovered around $143 million, dropping slightly from $143.35 million to $142.48 million, unlike peers on Solana, BSC, and Bitcoin‑linked chains. RWA exposure grew 13% to $511 million, offering a potential counterweight if buying pressure persists. RSI has stayed near 42.7, indicating sellers struggle, and a higher low would confirm a reversal. XLM sits in a descending triangle, with $0.37 support and $0.39 resistance; a move above $0.42–$0.43 could invalidate the bearish pattern and trigger a rebound.

In August, XLM fell 11% over a month and an additional 4.2% in 24 hours, outpacing the broader crypto market’s 2% decline, raising questions about a recovery. Social dominance, a metric of market chatter, plunged from 1.71% in July to 0.51% today, a near‑70% drop that historically precedes prolonged corrections for the coin. Technical analysis on the 4‑hour chart shows the 50‑EMA approaching a cross below the 200‑EMA, the classic death cross that could confirm the bearish trend if it materializes. The current price of around $0.39 sits just above a narrow support at $0.38, and a break could push the token toward $0.36 and potentially as low as $0.24, marking nearly a 40% drop. To avoid this downside, bullish buyers would need to first reclaim the $0.43–$0.45 range before targeting the prior $0.52 peak; absent that, the bearish crossover could accelerate a steep decline.

Stellar (XLM) has dropped 16.1% this month, 8.2% this week, and 1.7% last 12 hours, yet remains up nearly 300% YTD. Open interest fell from $588 million to $306 million, cutting leverage for a squeeze. The 12‑hour 20‑EMA crossed below the 50‑EMA, and the 4‑hour 50‑EMA nears a 200‑EMA break, highlighting short‑term selling. Daily, the price is in a descending triangle near $0.39, just above support $0.38–$0.36; a break could push it to $0.23, a 40% fall. These bearish signals raise the risk of a steep correction unless buyers close above $0.43 to remove the triangle. Thus, the technical outlook remains bearish for upcoming sessions.

XLM has slipped more than 6% this week after a 41% three‑month rally, wiping out recent momentum. The 4‑hour chart shows XLM below all major EMAs, including a death cross as the 50 EMA drops under the 100 EMA. Negative BBP readings confirm bears dominate the short‑term structure. Liquidations disclose nearly $76 million in short positions versus $20 million in longs, indicating a bearish bias that could trigger a short squeeze if the price rebounds. Current support is around $0.40; a clean break could push XLM toward $0.36, while a rebound to $0.42–$0.44 would flip sentiment. Without that rare imbalance, the bearish trend appears likely to persist.

Stellar (XLM) has turned bearish after a brief bullish phase, trading near $0.409 as of mid‑August. The altcoin’s funding rate has swung from positive to negative and back, reflecting a lack of clear direction among traders and adding to price volatility. Technical indicators, including a bearish MACD crossover and rising red histogram bars, signal that sellers are gaining strength. The price sits near $0.393 support, with the Parabolic SAR above candles; a further drop could test $0.359. If sentiment shifts, XLM could recover toward $0.424 support and move toward $0.445, countering the current downtrend. These moves underscore investor uncertainty and a fragile short‑term outlook for XLM.

XLM has surged 23 % this month, climbing to $0.451, but rising investor outflows—indicated by a Chaikin Money Flow falling below zero—raise concerns that the rally may not be sustainable. Trend‑strength indicators such as the ADX approaching the critical 25 level and a downward‑sloping Parabolic SAR suggest the uptrend could be losing steam. The key resistance at $0.470 must be broken to avoid a slide toward $0.424, where the coin could consolidate. If buying momentum forces a breakout beyond $0.470, the price might head toward $0.50, but that would require a reversal of the current bearish signals. The combination of outflows, waning trend strength, and near‑term resistance levels indicates that XLM’s upward trajectory could face significant headwinds.

XLM’s price has held steady over the past five sessions, trading within a tight band as Stellar schedules a Protocol 23 testnet reset for Aug 14. Protocol 23, first deployed to the testnet on July 17, adds eight Core Advancement Proposals to speed Soroban contracts with in‑memory storage and parallel execution, provide unified event streams, new host functions, and reduce ledger latency. Despite a 4 % rise in the last day, trading volume fell and Coinglass logged a $1.41 million net outflow, signalling weak demand. The decline in liquidity threatens to break the $0.42 support level, pushing the token toward $0.39 if selling pressure persists. If bullish momentum resurges, XLM could break the $0.4689 resistance and aim for a rally near $0.5206.