Stellar Price Forecast: XLM is on the verge of a breakout as total value locked reaches a record high of over 97.7 million USD

Stellar’s price is approaching a key descending trendline, suggesting a breakout could lead to upward momentum. The Total Value Locked (TVL) in XLM has reached an all-time high of 97.7 million USD, highlighting increased engagement and positive market sentiment.

As of now, XLM’s price has rebounded from the support level of 0.255 USD, showing upward momentum. A successful breakout above the descending trendline may allow for further gains, potentially testing resistance around 0.356 USD if bullish trends continue.