The XLM/USDT pair’s recent upside push is stirring bullish XLM price predictions. The basis of this new interest in Stellar Lumens is the current round of funding supplied to a Stellar partner, the Tala lending app.
Tala had formed a partnership with Stellar, Circle and Visa to provide the unbanked in society with access to crypto lending services. The latest funding round has brought in a $145 million investment from various investors (including the Stellar Foundation) and added Stellar CEO Denelle Dixon to Tala’s board.
The XLM/USDT has seen some new demand on the news and is now up 0.92%. This gain adds to Wednesday’s 10.58% gain, boosting bullish XLM price prediction bets.
The price action appears destined to attain the 0.4013 resistance, as it completes the bullish flag pattern. If the price advances beyond that barrier, 0.4282 and 0.4665 could come into the picture as additional price targets.
On the flip side, a decline from 0.4013 could retest the 0.3464 support. If the bulls fail to defend this area, 0.3021 and 0.2557 become additional targets to the south.
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This post was last modified on Oct 14, 2021, 19:21 BST 19:21