Stellar (XLM) Shows Potential for Further Gains Amid Technical Breakouts and Institutional Interest
2025-07-12 20:34:12
Main Idea
Stellar (XLM) has shown significant price growth due to technical breakouts and ecosystem developments, with potential for further gains driven by protocol upgrades and institutional adoption.
Key Points
1. Stellar (XLM) rallied 40% after dual technical breakouts, moving from approximately $0.25 to near $0.40.
2. The Protocol 23 upgrade, expected in mid-2025, aims to enhance network scalability and attract decentralized applications.
3. Franklin Templeton tokenized $446 million in U.S. Treasuries on Stellar’s blockchain, highlighting institutional confidence.
4. Stellar’s Total Value Locked (TVL) surged 22% in 24 hours, reaching $120.25 million, indicating growing DeFi activity.
5. Technical analysts suggest a potential price target of $0.6374 based on historical resistance levels and volume profiles.
Description
Stellar (XLM) has surged 40% following a double breakout, driven by strong technical signals, upcoming protocol upgrades, and increasing institutional adoption. The momentum is further supported by Franklin Templeton’s recent
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