Stellar (XLM) Eyes Potential Upside as Golden Cross Signal May Indicate Emerging Bullish Trend
Main Idea
Stellar (XLM) shows bullish potential with a golden cross formation and upcoming Protocol 23 upgrade, possibly targeting $1.
Key Points
1. Stellar (XLM) has surged 104% since early July, with a golden cross forming as the 50-day SMA approaches the 200-day SMA, signaling bullish momentum.
2. The last golden cross in December 2024 preceded a rally to $0.634, suggesting potential for further gains.
3. The Protocol 23 upgrade, featuring eight Core Advancement Proposals (CAPs), is scheduled for mainnet vote on August 14, 2025, with testnet deployment starting June 30, 2025.
4. Analysts, including Peter Brandt, highlight XLM's technical strength and fundamental upgrades as factors supporting a potential rally toward $1.
5. Stellar's scalability and real-world use cases position it favorably among altcoins, with strong market sentiment and developer interest.
Description
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