The post Stellar (XLM) Shows Potential for Further Gains Amid Technical Breakouts and Institutional Interest appeared on BitcoinEthereumNews.com.

Stellar (XLM) has surged 40% following a double breakout, driven by strong technical signals, upcoming protocol upgrades, and increasing institutional adoption. The momentum is further supported by Franklin Templeton’s recent tokenization initiative and a notable rise in Stellar’s DeFi Total Value Locked (TVL), reflecting growing confidence in the network. According to COINOTAG, the combination of bullish chart patterns and ecosystem enhancements positions Stellar for a potential rally toward $0.6374. Stellar (XLM) rallies 40% after dual technical breakouts, boosted by Protocol 23 upgrade anticipation and institutional trust, signaling strong growth potential. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Stellar’s Double Breakout Signals Renewed Bullish Momentum Stellar’s price action recently demonstrated a compelling technical breakout from two significant bearish patterns, marking a decisive shift in market sentiment. The initial breakout occurred from a falling wedge pattern formed between January and mid-April 2025, a classic indicator of a potential trend reversal. Following this, XLM entered a brief consolidation phase within a smaller descending channel, which it subsequently broke out of, confirming the strength of the upward trend. This sequence of breakouts has propelled Stellar’s price from approximately $0.25 to near $0.40, representing a near 40% gain. Technical analysts highlight that these movements suggest a projected upside target around $0.6374, based on historical resistance levels and volume profiles. The clear identification of support and resistance zones offers traders a strategic framework to…

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Filed under: News - @ July 12, 2025 8:26 pm