The price of Stellar (XLM) has risen by 40% amid a sharp increase
The Stellar coin jumped 40% after breaking two bullish patterns, indicating a potential rise towards $0.6374 with increased demand from investors.
Excitement is increasing as Stellar targets the Protocol Upgrade 23 in August, aiming to enhance smart contract speed and network performance.
Franklin Templeton's tokenization process and a 22% increase in DeFi's total value locked (TVL) indicate growing real-world and institutional confidence in the Stellar blockchain.
Stellar (XLM) continued its rise, climbing nearly 40% to trade at around $0.3963. This increase follows a breakout from two key technical patterns. Recently, cryptocurrency trader Lucky published an analysis confirming that XLM has entered a strong upward trend.
The identified breakout points suggest that this could be the first phase of a broader move towards $0.6374. Therefore, analysts believe this rise could yield significant gains, especially as momentum continues to grow.
Technical breakouts indicate strong momentum
The chart shows that XLM has broken out of a "descending wedge" for the first time, which formed between January and mid-April 2025. This bullish setup typically indicates a price reversal, which has successfully occurred in the case of XLM. After the breakout, the price entered another consolidation period within a smaller descending channel.
Source: Lucky
However, XLM quickly broke out of this channel, triggering a stronger breakout. At the time of this breakout, the price of XLM was trading at $0.25. Since then, the price has increased by nearly 40%. Therefore, the chart indicates an expected rise to $0.6374, supported by previous resistance levels.
Additionally, the clearly defined areas on the chart provide a roadmap for both new and expert traders. The analysis shows the complete price journey - from support to consolidation, leading up to the breakout.
Protocol upgrade and institutional support for demand for fuel
Moreover, the increasing enthusiasm regarding the upcoming Stellar Protocol Upgrade 23 enhances optimism. This upgrade is set to be voted on August 14, 2025, and proposes improvements to transaction execution and state management on Soroban, Stellar's smart contract platform.
Furthermore, this comes at a time when Stellar continues to expand its real-world use. Franklin Templeton recently tokenized $446 million of US Treasury bonds on the Stellar blockchain. This indicates growing institutional trust in the network's stability.
DeFiLlama also announced a 22% increase in Stellar's total value locked (TVL) over 24 hours, bringing it to $120.25 million.
A post titled "Stellar ($XLM ) rises by 40% as a bullish breakout ignites an upward wave" was published on Crypto Front News. Visit our website for more interesting articles about cryptocurrencies, blockchain technology, and digital assets.
