Stellar (XLM) Nears Potential Golden Cross Amid 104% July Rally and Upcoming Protocol Vote

• Stellar (XLM) has surged impressively by 104% in July, nearing a rare golden cross pattern that could signal sustained bullish momentum.

• The upcoming Protocol 23 mainnet vote and robust ecosystem developments are fueling increased investor confidence in Stellar’s growth potential.

• According to COINOTAG, market analysts emphasize that the golden cross formation historically precedes significant price rallies, making XLM a key asset to watch.

Stellar (XLM) rallies 104% in July, approaching a golden cross and boosted by Protocol 23 upgrades, signaling strong bullish momentum in the crypto market.

Stellar’s Golden Cross Formation Signals Potential Long-Term Bullish Trend

Stellar’s recent price surge has brought the 50-day simple moving average (SMA) within striking distance of the 200-day SMA, a technical setup known as the golden cross. This pattern is widely regarded by traders as a reliable indicator of a sustained upward trend. Currently, the 50-day SMA rests at $0.297, edging closer to the 200-day SMA at $0.31. Historically, such crossovers have preceded extended rallies, suggesting that Stellar could maintain its upward trajectory beyond the immediate term. The significance of this pattern is amplified by Stellar’s strong volume and positive market sentiment, which together create a favorable environment for continued price appreciation.

Historical Context: Past Golden Cross and Price Performance

Stellar’s last golden cross occurred in December 2024, which was followed by a notable price rally reaching a local peak of $0.634. This precedent highlights the potential impact of the current technical setup. Market analysts are closely monitoring trading volumes and momentum indicators to assess whether similar conditions are materializing. Given the current bullish signals and the asset’s strong performance in July, some experts speculate that Stellar could approach the $1 price level if the golden cross confirms and broader market conditions remain supportive.

Protocol 23 Mainnet Vote: Catalyst for Ecosystem Growth and Investor Interest

The upcoming mainnet vote for Protocol 23, scheduled for August 14, 2025, is a pivotal event for Stellar’s ecosystem. This protocol upgrade encompasses eight Core Advancement Proposals (CAPs) designed to enhance network functionality and scalability. Having launched on testnet on June 30, 2025, Protocol 23 has garnered significant attention from developers and investors alike. The anticipation surrounding this upgrade is contributing to increased buying pressure, as stakeholders expect improved network performance and new features to drive adoption. This development underscores Stellar’s commitment to innovation and long-term sustainability, reinforcing investor confidence.

Market Sentiment and Institutional Engagement

Stellar’s recent price momentum is also supported by a broader shift in market sentiment favoring altcoins with strong fundamentals and clear upgrade roadmaps. Both retail and institutional investors have shown heightened interest, as evidenced by increased trading volumes and positive social media sentiment. Over the past week alone, Stellar outperformed many major cryptocurrencies with a 50% gain, signaling robust demand. This growing confidence is partly attributed to the network’s transparent development process and active community engagement, which are critical factors for sustained market interest.

Conclusion

Stellar’s impressive 104% rally in July, coupled with the imminent golden cross formation and the upcoming Protocol 23 mainnet vote, positions XLM as a compelling asset in the crypto space. These factors collectively indicate a strengthening bullish trend supported by both technical and fundamental catalysts. Investors should continue to monitor these developments closely, as Stellar’s trajectory may offer significant opportunities in the months ahead. Maintaining awareness of market conditions and protocol advancements will be essential for capitalizing on potential gains while managing risk effectively.