XLM is proving to be a game-changer in the manner in which investors historically have dealt with conventional asset classes, and real estate has proven to be one of the most influential domains to reap the benefits of tokenization. As real estate ownership and real estate investment liquidity become more transparent and accessible via blockchain technology, the capital intensity associated with real estate is thereby diminished.
This is directly connected to the Stellar House in Miami, in which RedSwan Digital’s ApartmentPro hosted a fireside chat on the adoption of tokenized property in the real world. This event highlighted the manner in which compliant on-chain structures, besides the notion of fractional ownership, resulted in better accessibility to institutional-level property in general, thus solidifying the importance of tokenized property in the realm of classic property and finance.
Also Read: Stellar Launches First On-Chain UBI: XLM Eyeing a Multi-Year Turnaround
The pressure on Stellar (XLM) also continues on a daily chart, staying below the 20-day average and following along with the lower Bollinger Band. The market action at around $0.217 appears to show a strong bearish market, where sellers have been shorting attempts at resisting a breakout above $0.234, which is near the halfway mark.
Source: TradingView
Momentum indicators show weakness, yet there is also an indication of market stabilization in the short term. Being near 37, RSI shows that there is a weak demand, yet there are no signs of market reversal, while MACD is below the zero line, showing slowed momentum. Support levels are around $0.204, while resistance levels are between $0.234 and $0.265.
Moreover, the data from More Crypto Online highlighted that Stellar (XLM) is nearing a critical area as it appears that the overall market correction has reached maturity. Although it seems that stabilizing action indicates that downward momentum has reached its end, technical analysis suggests that it may not yet be over.
Source: More Crypto Online
This ongoing rebound has been categorized as a B-wave bounce, usually a temporary relief but not a confirmed reversal. Critical resistance lies between $0.223 and $0.246, where a rejection at this level may cause the completion of the C-wave fall in wave (5), perhaps opening the door for a change in the overall trending direction once the correction process is complete.
Also Read: Stellar (XLM) Weekly Analysis: Can Price Break Resistance and Reach 0.47?

