{"id":6841,"date":"2025-08-05T16:54:00","date_gmt":"2025-08-05T16:54:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xlm-price-forms-a-rare-pattern-as-stellar-transactions-jump\/"},"modified":"2025-08-05T16:54:05","modified_gmt":"2025-08-05T16:54:05","slug":"xlm-price-forms-a-rare-pattern-as-stellar-transactions-jump","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xlm-price-forms-a-rare-pattern-as-stellar-transactions-jump\/","title":{"rendered":"XLM price forms a rare pattern as Stellar transactions jump"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XLM plunges 23% from yearly high despite network growth and September upgrade<\/p>\n<div id=\"cn-block-summary-block_05c840d2d5869a0c7632a9aa9677ca7b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Stellar Lumens price has formed a falling wedge chart pattern.<\/li>\n<li>Its transactions jumped by 14% in the last 30 days.<\/li>\n<li>Stellar Protocol will implement a key upgrade in September.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Stellar Lumens (XLM) was trading at $0.3972 today, August 5, which was about 97% from its lowest point this year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Stellar transactions and stablecoin growth<\/h2>\n<p>Nansen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/macro\/blockchains\" target=\"_blank\">data<\/a> shows that Stellar\u2019s network is doing well. Its transactions rose by 14% in the last 30 days to 81.2 million, making it the eighth most active chains in the crypto industry.\u00a0<\/p>\n<p>Stellar\u2019s active addresses jumped by 81% in the last 30 days to 515,000. Similarly, its network fees increased by 120% to $201,000, continuing a trend that has been ongoing this year.\u00a0\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.artemisanalytics.com\/asset\/stellar?from=chains&amp;tab=stablecoins\" target=\"_blank\">Artemis<\/a> shows that Stellar is on a path towards achieving its goal of simplifying global payments. Its stablecoin supply jumped by 21% in the last 30 days to $209 million.<\/p>\n<p>Similarly, the number of transactions rose by 17% to $9.8 million, while the adjusted transaction volume rose by 22% to $1.9 billion. Stellar has room to grow because of its faster transaction speeds and lower costs.\u00a0<\/p>\n<p>The next potential catalyst for the XLM price will be the upcoming Potocol 23 upgrade. In an X post, the developers noted that the testnet reset and stable builds will be available on August 14, while the mainnet vote will happen on September 3.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 Protocol 23 Timeline Updates \ud83d\udea8<\/p>\n<p>Key dates:<br \/>Aug 14: Testnet reset + stable builds available<br \/>Sep 3: Mainnet upgrade vote<\/p>\n<p>The Aug 14 reset will clear ALL testnet data (accounts, assets, contracts.) Be ready to recreate what you need!<\/p>\n<p>You&#8217;ll need to upgrade ALL Stellar software\u2026<\/p>\n<p>\u2014 Stellar (@StellarOrg) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/StellarOrg\/status\/1952464383327470050?ref_src=twsrc%5Etfw\" target=\"_blank\">August 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">XLM price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402967\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XLM price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the Stellar Lumens price formed a double-bottom pattern at $0.2177 and a neckline at $0.335, its highest point on May 12.<\/p>\n<p>Stellar price then formed the highly bullish golden cross pattern on July 13 as the 50-day and 200-day moving averages crossed each other.\u00a0<\/p>\n<p>Most importantly, Stellar has formed a falling wedge pattern, which happens when there are two descending and converging trendlines.\u00a0<\/p>\n<p>Therefore, XLM price will likely have a strong bullish breakout to a high of $0.5183, which is up by over 31% above from the current level. A move above that level will point to more gains, potentially to $0.6365, which is 61% above the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XLM plunges 23% from yearly high despite network growth and September upgrade Summary Stellar Lumens price has formed a falling wedge chart pattern. Its transactions jumped by 14% in the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6841"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6841\/revisions"}],"predecessor-version":[{"id":6842,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6841\/revisions\/6842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/186"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}