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Stellar (XLM): Institutional adoption drives massive breakout
$XLM surged 17.8% to $0.252, strongly outperforming the broader crypto market after a major institutional catalyst.
Key points:
• DTCC announced plans to integrate tokenized asset infrastructure with Stellar by 2027, boosting confidence in Stellar's role in real-world asset tokenization.
• The rally was amplified by a short squeeze, with bearish traders forced to buy back positions as price accelerated higher.
• XLM is now one of the strongest-performing large-cap altcoins of the week.
Key levels:
• Resistance: $0.2635
• Support: $0.202
• Major downside support: $0.166
Outlook:
The trend remains bullish, but momentum is becoming stretched after the sharp rally. As long as XLM holds above $0.20, bulls remain in control and a retest of $0.2635 is likely. A breakout above that level could extend the move, while a loss of $0.20 may trigger profit-taking and a deeper pullback. 🚀📈

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