Stellar (XLM) Buyers Defend Higher Lows Ahead of Protocol 28 Upgrade

The Stellar (XLM) price is showing resilience as buyers maintain a bullish structure, defending higher lows despite recent short-term losses. The asset's current market capitalization is $5.45 billion, with a 24-hour volume of $62.07 million and a price of $0.1580.

The Stellar Development Foundation (SDF) is preparing to release Protocol 28, also known as Adapter, which aims to streamline smart contract development on the network. This upgrade will enhance the efficiency and scalability of the underlying protocol, making it more accessible for developers to create and execute smart contracts.

Market attention remains focused on whether XLM can maintain its pattern of higher lows and test the $0.681 resistance level. Analysts believe that if bulls succeed in breaking through this barrier, momentum could drive further gains and encourage increased ecosystem participation.