Analysis: Stellar network upgrade triggered price fluctuations, and XLM rose 14.3% in the day
TechFlame
2025-07-09 15:47
TechFlame2025-07-09 15:47
English
According to TechFlame, the Stellar Lumens (XLM) price rose as high as 14.3% in 24 hours, from $0.252 to $0.293, and finally closed at $0.2896, as reported by CoinDesk. This rise was accompanied by a surge in trading volume, which peaked at 405.9 million units, 7.5 times the average daily trading volume.
The price increase was mainly driven by the release of Stellar Core v23.0.0rc2, an upgrade that enhances network maturity and scalability. Technical analysis shows that XLM has broken through the $0.270 and $0.278 resistance levels, and short-term support is established above $0.278.