• Stellar (XLM) sees over 5% decline in 24 hours, while trading volume rises by 22% to $501.55 million
• Visa adds Stellar to its stablecoin settlement network alongside Ethereum, Solana, and Avalanche
• Technical analysis suggests a bullish flag pattern that could lead to a breakout toward $0.80

Stellar (XLM) is currently showing short-term volatility, down by more than 5% within the last 24 hours, reflecting Bitcoin’s general marketplace retreat. With all that being said, trading volume remains high, with daily volume increasing 22% to $501.55 million, while the capitalization is at $12.25 billion.

Although the price action paints a bearish picture, a significant development has emerged that could reshape Stellar’s trajectory moving forward.

Visa Adds Stellar to Its Blockchain Settlement Network

Visa has now onboarded Stellar into its stablecoin settlement platform, and it is extending its blockchain ecosystem beyond Ethereum, Solana, and Avalanche. It is a significant institutional endorsement and is a key stride towards widespread adoption for the Stellar network.

With the integration, Visa looks to strengthen its global payment infrastructure through Stellar’s speed and low-cost architecture for stablecoin settlements. The development places Stellar as a principal blockchain within the institutional finance landscape, overtaking rivals like XRP, which is not on the platform.

Inclusion of Stellar implies growing need for reliable and efficient blockchain solutions capable of managing high volume of transactions across boundaries.

Also Read: Stellar (XLM) Eyes Breakout After Bullish Weekly Surge: Can It Hit $1?

XLM Price Setup Signals Potential Uptrend

Technical analysis from Ali Martinez suggest that Stellar may be forming a bullish flag pattern on its price chart, a setup typically associated with the continuation of upward momentum. If confirmed, this could lead to a breakout toward the $0.80 level in the coming weeks.

Such technical setup is aligned with increasing on-chain action and further relevance with Visa’s endorsement that is paving the way for potential upside revival once sentiment on the markets recovers.

Stellar’s Long-Term Trajectory Turns Bullish

Star’s recent price movements have echoed general market sluggishness, yet things differ fundamentally. The fact that Visa decided to include Stellar in the platform of its stablecoins lifts the blockchain’s profile higher within the international financial landscape.

Although the short-term volatility of the price can persist, Stellar’s long-term prediction looks much better. Institutional validation, increasing utility, and technical breakout potential foretell that XLM could be on the road to a strong recovery as the marketplace recovers.

Also Read: Stellar (XLM) Price Prediction: Is a Bullish Breakout to $0.97 Coming Soon?