- XLM has pumped 104% since early July — golden cross incoming
- Peter Brandt says it might be the most bullish chart out there
- Protocol 23 goes live Aug 14 — network upgrades could add fuel
Stellar’s been ripping lately. Since early July, XLM has more than doubled — yeah, over 100% gains — going from just $0.22-ish to over $0.52 in what feels like the blink of an eye. And now? Traders are glued to their charts watching for one rare signal: the golden cross.
A Golden Cross in Sight — And Traders Are Getting Hyped
So here’s the deal — XLM’s 50-day moving average is creeping up fast and looks ready to cross above the 200-day line, which is sittin’ right around $0.31. That’s what traders call a golden cross, and it doesn’t happen every day. Last time this setup formed (back in Dec 2024), XLM went on a tear all the way up to $0.634. History doesn’t always repeat… but sometimes it kinda rhymes.
This kind of crossover usually lights a fire under bullish momentum, especially if the broader market’s already in a good mood. And let’s be real — altcoins are starting to wake up across the board.
Can XLM Really Hit $1?
According to Peter Brandt — yeah, that Peter Brandt — XLM might be holding the “most bullish chart” out there. He did toss a little caution in though, saying XLM needs to stay above its April lows and actually close over $1 to really make the magic happen. Until then, it’s still got some proving to do.
But still, the hype’s building. A move to $1 from here would mean nearly a 2x again. Not impossible. Especially not with everything lining up like it is right now.
Protocol 23: Not Just Hype, Real Upgrades
And look — this isn’t just technical fluff. The fundamentals are lining up too. Stellar’s rolling out Protocol 23, which includes eight new Core Advancement Proposals (CAPs). Testnet went live June 30, and the big mainnet vote’s comin’ up on August 14.
These upgrades are designed to make the Stellar network smoother, faster, and better for developers. So it’s not just price candles doing the heavy lifting — the tech is evolving too.
Bottom Line: Keep an Eye on This One
Yeah, crypto’s risky — always is. But with the golden cross possibly landing any day now, real protocol upgrades going live, and some major bullish energy on the chart, XLM could be gearing up for more than just a spike. If it clears the right levels, that $1 target might just be the next stop on the map.
