The post Stellar Tests Key Resistance as Protocol 24 Vote Looms appeared on BitcoinEthereumNews.com.

Felix Pinkston
Jan 07, 2026 06:05

XLM trades at $0.24 as privacy upgrade vote scheduled for today could trigger breakout above critical $0.26 resistance level that’s held for weeks.

Stellar’s native token is attempting to break through a stubborn resistance zone that has capped gains for the past three weeks, with today’s Protocol 24 testnet vote serving as a potential catalyst for the first meaningful breakout since December’s rally stalled. XLM currently trades at $0.24, down 4.6% in the past 24 hours but holding above the psychologically important $0.22 support level. According to Binance spot data, the token has established a tight trading range between $0.23 and $0.25, with volume patterns suggesting accumulation rather than distribution during recent weakness. The immediate focus centers on Stellar’s testnet vote for Protocol 24, which introduces zero-knowledge proofs and enhanced privacy features. Market participants note that successful implementation could differentiate Stellar in the increasingly competitive real-world asset tokenization space, where it currently hosts $522 million in tokenized assets but faces mounting pressure from Ethereum and Solana’s expanding ecosystems. Technical Indicators Signal Potential Breakout The technical picture presents a compelling setup for directional movement. XLM’s RSI sits at 56.53, comfortably in neutral territory and leaving room for upward momentum without immediately hitting overbought conditions. More encouraging is the MACD histogram reading of 0.0050, indicating early bullish momentum that technical analysts often view as a precursor to sustained moves. Stellar’s position within its Bollinger Bands tells an interesting story. At 0.89, XLM trades near the upper band at $0.25, suggesting either impending resistance or a breakout attempt. The last time Stellar maintained this position for an extended period was in November 2025, which preceded a 40% rally to $0.34. Key resistance emerges at $0.26, where multiple failed breakout…

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Filed under: News - @ January 7, 2026 10:22 am