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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
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Price targets and market predictions for the XLM cryptocurrency
If buyers pay the price of XLM above $0.40, the new resistance levels will be $0.44, $0.50, and $0.60. Traders see these levels as steps in a larger bullish direction, especially if trading volume increases during this movement. A close above $0.68 will indicate a return to the levels last seen during the 2021 cycle. Traders will closely monitor the content of the supply and market reactions. If sentiment improves and the price of XLM approaches $0.40, this event could lead to a breakout.
This will technically enhance the expectations of a rise towards $1.29. The next few days could be crucial. Momentum factors, market confidence, and ecosystem news may come together to determine whether the XLM cryptocurrency will enter a new phase of growth. Financial developments and market sentiment towards the XLM cryptocurrency.
The prevailing sentiment towards the XLM cryptocurrency has improved due to institutional interest. In late 2024, Franklin Templeton announced that it would use the Stellar network to manage assets worth over $1.7 trillion. Price breakout patterns for XLM indicate a building momentum.
The price of XLM has recovered from its previous lows and is now trading above a key support area at around $0.26. After hitting its lowest point in 2023, the asset entered a strong consolidation phase. It could be seen as a potential accumulation area.
The main level of 0.40 USD remains an important pivot point for analysts.