Stellar’s price is edging higher, nearing the upper boundary of a descending triangle pattern. Recent developments around PayPal’s integration of PYUSD stablecoin on the Stellar network are driving this bullish movement, with XLM showing nearly a 1% gain on recent trading.
Amidst the bullish sentiment, XLM’s Open Interest surged by 10%, reflecting increased trader confidence. This trend is evidenced by rising trading volumes and a generally optimistic outlook as approval for PYUSD’s integration is anticipated.
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