The performance of XLM prices has remained silent during the past five trading sessions, moving within a narrow range.
This side work comes at a time when Stellar is preparing for a major teacher: reset and stable release of the 23 Testnet Protocol, scheduled for August 14.
Stellar 23 is preparing to reset Testnet
The long -awaited 23 -awaited protocol, which was first published in Testnet, will be upgraded on July 17, live in September.
According to June 10 Blog postThe 23rd protocol offers eight proposals for the basic progress to enhance Stellar performance, smart nodes, and developers tools.
Keep uplines include faster and cheapest smart contracts through memory storage and parallel implementation, unified events flows to track easier, new hosts functions to improve data processing, and configuration consensus settings to reduce the time of the professor’s notebook.
Testnet and a stable release on August 14.
The latest risk of acquiring XLM fades
Before reset, the performance of the XLM prices remained pale. Although its price increased by 4 % during the past day, this step comes alongside the low trading volume. This negative difference indicates that the assembly is not fed with real demand for altcoin.
When the original price decreases during the decrease in trading volume, this indicates a strong lack of participation in the market. These moves tend to be less sustainable, because they depend on thin liquidity and may be reflected quickly if the pressure is sold. This exposes XLM to the risk of getting rid of its recent gains.
Moreover, the low capital flow to the Spot XLM market confirms the flowing demand on altcoin. According to Coinglass, Altcoin recorded a net external flow of $ 1.41 million today, highlighting the lack of support behind XLM profit by 4 %.
This indicates poor demand for the distinctive symbol and increased sales pressure, which may reduce its price.
Can XLM Bulls font font?
The high pressure side pressure threatens to pay XLM to less than the support level of $ 0.42. In this case, the value of the distinctive symbol can decrease about $ 0.39 if the profits continue to be achieved.
On the contrary, if the bullish momentum strengthens, the distinctive symbol may penetrate the resistance at $ 0.4689. This opens the door for about $ 0.5206.
Post XLM PRICE FLATIZE appeared before Stellar 23 Restnet for the first time on Beincrypto.
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2025-08-13 20:30:00
