Stellar Lumens (XLM) Surges 35% in 24 Hours, Reaching $0.4021

Stellar Lumens (XLM) has seen a notable increase in its price, rising over 11% in the last 24 hours. This surge is part of a broader bullish trend in the altcoin market, which has been following the upward momentum of Bitcoin. Bitcoin recently set a new all-time high (ATH) in the $122,500 price range, and Ethereum, the pioneer altcoin, has also broken above the $3,000 price range. This bullish lead from Bitcoin has allowed other altcoins, including XLM, to experience significant price increases.

The delay in the peak phase of altseason has allowed altcoins to enter a healthier market, giving traders and investors ample time to accumulate promising altcoins. Some of the most bullish altcoins for the coming altseason include Ethereum, SUI, ADA, XRP, XLM, SHIB, DOGE, ONDO, FET, PYTH, and many more. In particular, one analyst is drawing a lot of attention to Stellar Lumens’ XLM. According to the analyst, XLM price looks to be on a direct path to hit a bull target of $0.681, setting a trend high. The same analyst then states that despite XLM’s highly bullish performance over the last few months, the price of XLM continues to show high promise of hitting greater highs. In particular, the analyst states that XLM may be in the process of a more than 102% climb to reach a break above a target that could bring about a $1.291819 ATH price.

Stellar Lumens (XLM) has experienced a significant surge in recent weeks, with its price increasing by over 11% in the last 24 hours. This surge has been driven by a combination of factors, including the upcoming Protocol 23 upgrade on the Soroban platform and growing investor interest in the network's capabilities. The Protocol 23 upgrade, set to be voted on in August 2025, promises to enhance the network's performance through optimizations in transaction execution and state management. This has significantly boosted investor interest, as the market cap has risen to $12.50 billion, reflecting increased demand from traders and investors.

The recent price action of XLM has shown strong momentum, with a 35% surge in just 24 hours, reaching $0.4021. This breakout has confirmed bullish sentiment, as the market cap has risen to $12.50 billion, reflecting increased demand from traders and investors. The recent Bitcoin price rally has contributed to overall market optimism, but Stellar's price spike is also driven by its own ecosystem developments. The Soroban smart contract platform upgrade is a key factor, along with Stellar's growing real-world applications, such as cross-border payroll and institutional integrations like Franklin Templeton's tokenization of U.S. Treasuries worth $446 million. Additionally, Stellar's Total Value Locked (TVL) in DeFi has reached an all-time high, further boosting its appeal.

Technically, XLM's price has broken above a multi-year descending trendline dating back to 2021, indicating a potential impulsive rally. Analyst Javon Marks has identified $0.681 as the next resistance level, with the potential to extend to $1.2918 if bullish pressure continues. This optimistic outlook is supported by the growing interest in the Stellar network's capabilities, particularly its focus on facilitating cross-border payments and financial inclusion. The network's efficient and cost-effective transaction processing, along with its partnerships with financial institutions, has positioned it as a strong competitor in the cryptocurrency space. The Stellar network's commitment to sustainability and its use of an energy-efficient consensus algorithm have also resonated with environmentally conscious investors.

As the price of XLM continues to rise, analysts are closely monitoring its performance to determine the next potential resistance levels. According to the analyst's forecast, if the bullish momentum persists, the price could reach $1.59, which would represent a significant milestone for the cryptocurrency. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly based on various factors, including market sentiment, regulatory developments, and technological advancements. The recent price breakout of XLM has generated considerable excitement among investors and analysts, with many speculating about its next potential target. The Stellar network's focus on cross-border payments, financial inclusion, and technological advancements has positioned it as a strong contender in the cryptocurrency space. As the market continues to evolve, it will be interesting to see how XLM performs and whether it can reach the $1.59 target as predicted by analysts.