Stellar (XLM) Nears Potential Golden Cross Amid 104% July Rally and Upcoming Protocol Vote
Main Idea
Stellar (XLM) shows strong bullish momentum with a 104% July rally, nearing a golden cross, and is poised for further growth with the upcoming Protocol 23 mainnet vote.
Key Points
1. Stellar's 50-day SMA ($0.297) is approaching the 200-day SMA ($0.31), signaling a potential golden cross, a bullish technical indicator.
2. A previous golden cross in December 2024 was followed by a price rally to $0.634, suggesting potential for similar performance.
3. The Protocol 23 mainnet vote on August 14, 2025, includes eight Core Advancement Proposals (CAPs) aimed at enhancing network functionality and scalability.
4. Stellar outperformed many major cryptocurrencies with a 50% gain in the past week, reflecting strong market demand.
5. The combination of the golden cross formation and the Protocol 23 upgrade has reinforced investor confidence in XLM.
Description
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