Stellar Lumens surged 14.3% to $0.293 on institutional volume following the release of Stellar Core v23.0.0rc2, though the rally reversed sharply to $0.2896 as short-term traders exited positions.
XLM climbed 14.3% from $0.252 to $0.293 over 24 hours, driven by institutional accumulation and the July 7 release of Stellar Core v23.0.0rc2, a release candidate marking progress toward broader network upgrades. Volume spiked to 405.9M, nearly 7.5x the daily average, as the asset broke through resistance at $0.270 and $0.278. The rally faded with a 2.05% pullback to $0.287 after breaching $0.291, likely triggered by automated sell-offs. Despite near-term volatility, technical structure remains bullish with support holding above $0.278 and potential for another test of the $0.294-$0.30 zone.