🚀 Stellar technical explosion – $XLM increases double digits thanks to network upgrade!
Stellar (XLM) has just experienced a strong increase of 15% in a day and 25% in a week, trading at ~$0.29✅.
📈 Driving factors:
TVL on DeFi Stellar soared to a record $108M – reflecting real capital flowing into practical applications.
Protocol 23 is about to be deployed (vote on 14/8): adding smart contract capabilities, speeding up transactions, improving Merkle Tree features… attracting Bitcoin developers.
Institutional cash flow: Franklin Templeton and Circle poured nearly $500M US Treasury into the Stellar network – a testament to the trust of TradFi.
📊 Technical analysis:
XLM has “broken out” of the downtrend channel, surpassed MA50 ($0.2597) and the resistances $0.27–0.28 forming new support.
Volume surged (7 times the average), RSI ~60 and MACD shows bullish signs – paving the way towards $0.30–0.31, further potential up to $0.68 if the positive sentiment continues.
🎯 Quick summary:
XLM is clearly in a bull trend, supported by both on-chain, technical, and institutional cash flow.
Key levels to watch: $0.30, if surpassed, the next target is $0.31+, further there is also a “surge” factor from Protocol 23 & TradFi trust.
