Stellar’s XLM cryptocurrency has demonstrated remarkable bullish momentum this month, surging 104% and significantly outperforming major digital assets with a 50% weekly gain. This rally coincides with a critical technical pattern emerging: the 50-day moving average ($0.297) rapidly approaching the 200-day moving average ($0.31), signaling an imminent golden cross formation.
Historical data offers encouraging precedent for investors. A comparable golden cross in December 2024 preceded a substantial XLM price rally that peaked near $0.634. Market sentiment appears reinforced by the expectation of similar upside potential following the current pattern’s confirmation.
Further bolstering confidence is Stellar’s upcoming Protocol 23 mainnet vote, scheduled for August 14. This pivotal upgrade encompasses eight Core Advancement Proposals (CAPs) designed to enhance overall network functionality and scalability. The confluence of strong technical indicators and anticipated network improvements has ignited substantial market demand and positioned XLM for potential continued growth.