Stellar (XLM) may be gearing up for a major rally, as its post-breakout price structure remains intact.
Delving deeper, market analyst Javon Marks says XLM could be gearing up for another significant move higher, as the altcoin continues to form higher lows, a bullish signal following its breakout.
Marks has identified a price target of $0.681, suggesting a potential gain of more than 200% from current levels.
Per CoinGecko data, XLM is trading at $0.1842, up 2.4% over the past 24 hours.
Stellar Stablecoins Close In on $1 Billion
Beyond price action, Stellar is approaching a notable milestone in its stablecoin ecosystem.
According to Scopuly, a Stellar-based decentralized finance wallet, the network now holds about $987 million in stablecoin value, just $13 million short of $1 billion.
This figure has also risen 3.77% over the past seven days, pointing to continued growth in stablecoin activity. Crossing the $1 billion threshold would be a major stride for Stellar, reinforcing the network’s role in moving money across borders and supporting financial services.
As Stellar carves out its niche in the stablecoin space, the blockchain’s real-world asset (RWA) tokenization market recently hit a record $3.5 billion in total value.
More notably, tokenized real-world assets bring traditional financial instruments, such as funds and other investment products, onto blockchain networks, with Stellar’s growing presence in this sector illustrating heightened institutional interest.