The rapid rise of Stellar (XLM) appears to be continuing. The nearest resistance level is currently around the $0.6550 region. If XLM manages to break through this resistance, a new all-time high (ATH) potential could emerge. However, if it fails to surpass this level and faces a rejection, correction movements could be observed.

Possible correction levels are as follows:

• The first support level is around $0.45. If this level is broken, a deeper correction could occur.
• The $0.35 level can be monitored as a stronger support point.

For the uptrend to continue, it is crucial for XLM to break through the $0.6550 level with significant volume and maintain above this region. Additionally, the general market sentiment and Bitcoin’s movements will have an impact on XLM. In addition to technical levels, fundamental factors (such as new partnerships, use cases, or macroeconomic developments) should also be monitored.

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