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Analysis: Stellar Network Upgrade Sparks Price Volatility, XLM Surges 14.3% in a Day
Summary: According to CoinDesk, Stellar Lumens (XLM) saw a 14.3% surge in price within 24 hours, rising from $0.252 to $0.293, ultimately closing at $0.2896. This increase was accompanied by a significant spike in trading volume, peaking at 4.059 billion tokens, 7.5 times the average daily volume. The price surge was primarily driven by the release ...
According to CoinDesk, Stellar Lumens (XLM) saw a 14.3% surge in price within 24 hours, rising from $0.252 to $0.293, ultimately closing at $0.2896. This increase was accompanied by a significant spike in trading volume, peaking at 4.059 billion tokens, 7.5 times the average daily volume. The price surge was primarily driven by the release of Stellar Core v23.0.0rc2, which enhances network maturity and scalability. Technical analysis indicates that XLM has broken through resistance levels at $0.270 and $0.278, with short-term support established above $0.278.
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Link: Analysis: Stellar Network Upgrade Sparks Price Volatility, XLM Surges 14.3% in a Day [Copy]
