Stellar Price Surges on Technical Breakout and Upgrades

The Stellar (XLM) price surged by 7.8% over the last two hours, driven primarily by a technical breakout and increased trading volume.

The move appears to be a result of a 4 to 5 percent jump in XLM within an hour, with traders noting a +4.4% surge in $XLM.

Market data for the XLMUSDT pair showed a significant spike in volume and trade count, indicative of a breakout move.

This technical rotation is attributed to upgrades such as the rollout of the Soroban smart contract platform and the successful Protocol 20 upgrade, which expand Stellar's programmability and potential DeFi use cases.