Stellar Surges 8%: Major Protocol 23 Launch Sets XLM for…
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Stellar Surges 8%: Major Protocol 23 Launch Sets XLM for Bounce
📈 Market Snapshot
Stellar ( XLM ) is currently trading around $0.256 , up ~3.1% intraday and ~8% over the past week. Intraday highs reached $0.259 , while lows touched $0.246 , signaling strong momentum returning to the chart.
📰 Today’s Key Headlines
• Protocol 23 RC release launched : New Stellar Core v23.0.0rc2 includes CAP‑62 to CAP‑70 upgrades—covering state archival, parallel Soroban execution, unified asset events, advanced access modules, and more ahead of the full mainnet rollout in August.
• Stablecoin supply hits $630M : XLM’s DeFi ecosystem sees stablecoin deposits rise from $145M to $630M YTD, powered by US Government Fund (FOBXX) and USDC adoption.
• DeFi TVL doubles to $89M : Total value locked on Stellar network now hits a record $89M, up from $35M at the start of the year.
• Bullish technical pattern confirmed : Daily chart confirms a double‑bottom around $0.2167 , with a neckline breakout targeting $0.3345 —a potential 35% upside.
• Mixed technical signals : Though trading below 50/100‑day MAs (bearish), Stellar displays bullish PPO crossover and strong weekly candlestick patterns.
Read More: https://onthenode.com/cryptocurrency/stellar-surges-8-major-protocol-23-launch-sets-xlm-for-bounce
📈 Market Snapshot
Stellar ( XLM ) is currently trading around $0.256 , up ~3.1% intraday and ~8% over the past week. Intraday highs reached $0.259 , while lows touched $0.246 , signaling strong momentum returning to the chart.
📰 Today’s Key Headlines
• Protocol 23 RC release launched : New Stellar Core v23.0.0rc2 includes CAP‑62 to CAP‑70 upgrades—covering state archival, parallel Soroban execution, unified asset events, advanced access modules, and more ahead of the full mainnet rollout in August.
• Stablecoin supply hits $630M : XLM’s DeFi ecosystem sees stablecoin deposits rise from $145M to $630M YTD, powered by US Government Fund (FOBXX) and USDC adoption.
• DeFi TVL doubles to $89M : Total value locked on Stellar network now hits a record $89M, up from $35M at the start of the year.
• Bullish technical pattern confirmed : Daily chart confirms a double‑bottom around $0.2167 , with a neckline breakout targeting $0.3345 —a potential 35% upside.
• Mixed technical signals : Though trading below 50/100‑day MAs (bearish), Stellar displays bullish PPO crossover and strong weekly candlestick patterns.
Read More: https://onthenode.com/cryptocurrency/stellar-surges-8-major-protocol-23-launch-sets-xlm-for-bounce
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