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XLM/USD is looking for a buffer at the resistance zone near $0.15. If the price holds above this level, it is possible buyers would go for the aforementioned primary target or higher. The bullish outlook is largely helped by the technical picture and the sentiment catalysed by Stellar’s recent series of great news.
Why is Stellar price up today?
As CoinJournal highlighted earlier today, Stellar has partnered with Latin American crypto firm Bitso to bolster international payments to Colombia, Argentina and Mexico using USDC. This came after Stellar and crypto platform fonbnk1 teamed up to help millions of unbanked across Africa to tap into the blockchain benefits via their prepaid SIM cards.
350 million people in Africa don't have access to bank accounts, and only 20% of families have formal bank accounts. provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. (1/3)
— Stellar (@StellarOrg) July 18, 2023
Stellar also recently announced a partnership with Honeycoin App to enable users across Kenya, Uganda, Tanzania, Nigeria, Ghana and the UK to cash out using their USDC balances at any MoneyGram location in these countries.
