$XLM
XLM has risen by more than 100% since the beginning of July, bringing the 50-day moving average closer to the 200-day moving average, indicating a potential Golden Cross that supports bullish momentum.
An ascending pennant pattern is forming, indicating a short accumulation period before a potential breakout towards **$0.73**.
Indicators like MACD are positive, and RSI at levels of 64 is still below the overbought territory, leaving room for upward movement.
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🔍 Support and Resistance
Immediate resistance lies at ~0.52–0.53$, which is an important testing level to confirm the continuation of the bullish trend.
Strong support range exists at 0.46–0.47$; breaking it could lead to a correction towards 0.43–0.44$ or even 0.30$ in a bearish scenario.
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🌐 Fundamental Factors
The network is preparing for the Protocol 23 update via voting on August 14, which is expected to enhance institutional trust and technical expansion.
Trading volume has recently increased, driven by institutions and partnerships like PayPal and MoneyGram, which strengthens the actual demand support for XLM.
The passage of the American GENIUS Act has provided a positive regulatory boost, benefiting both XLM and XRP.
