- Stellar forms rare golden cross, signaling strong bullish price momentum.
- XLM eyes $1 as trading volume and investor interest climb.
- Protocol 23 upgrade adds fuel to Stellar’s accelerating market surge.
Stellar (XLM) has drawn renewed attention after surging over 104% since the start of July. The price jumped from around $0.222 to above $0.52, placing the altcoin among the month’s top performers.
A rare technical pattern is currently appearing in the daily chart, which traders are closely monitoring. A golden cross forms when the 50-day moving average crosses over the 200-day average. The 50-day SMA is now at $0.297 and is fast approaching $0.31, the 200-day SMA, which might cross soon in the following days.
This indicator is a good bull sign, and it may be the start of the long-term upside. Stellar last witnessed this arrangement in December 2024, which triggered a price rally with its high at $0.634.
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The Stellar network is also supporting price momentum as a result of development activity. With eight added Core Advancement Proposals on the chain, Protocol 23 will come into force, promising to enhance the network’s efficiency.
These proposals went to testnet on June 30, 2025, and a mainnet vote will be held on August 14, 2025.
There is a steady increase in trading volume in the month, which has served to accomplish the increasing price pattern. Interest from both retail and institutional investors is rising as the asset approaches key technical and fundamental milestones.
Source: Tradingview
Bullish Technical Setup Sparks Investor Optimism Around $1 Target
According to legendary trader Peter Brandt, Stellar’s chart shows one of the strongest bullish formations among digital assets. He added that to be sure that XLM had broken out, the cryptocurrency should break above the April low to obtain a confident close above $1.
Source: Peter Brandt
The analysts believe that a verified golden cross, along with robust buying energy and co-system renovation, can boost the token to the $1 mark. Such a pattern is not frequent and mostly signals a protracted price increase when willingness can be delved into and when it is accompanied by volume and investor confidence.
Given that the golden cross is near and ecosystem developments are ongoing, a bullish push is gathering steam. XLM is focused on a significant technical break in the coming days, and traders are keeping a close eye on it.
Stellar is positioned for a possible breakout as technical signals and network developments align. With momentum building and $1 in sight, market participants are preparing for what could be a defining moment in XLM’s 2025 rally.
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