Stellar August Price Prediction: XLM Consolidates After a 75% Monthly Rise, Key Upgrade Protocol 23 Approaches

Stellar (XLM) performed strongly in July 2025, with an opening price of about $0.23, a monthly high of $0.51, and currently stabilizing around $0.42, with a monthly rise of approximately 75%. Although the price has slightly retreated from its peak, the overall technical and fundamental outlook remains positive. The platform Scopuly, which focuses on the Stellar ecosystem, points out that the current consolidation of the XLM price is a normal adjustment after a strong rise and not a signal of weakness. This article will provide an in-depth analysis of the current price level of Stellar, key technical indicators, critical support and resistance levels, and discuss the potential impact of the upcoming Protocol 23 upgrade and significant collaborations on the XLM price trend in August, providing trading strategy references for cryptocurrency investors.

Stellar price is consolidating at a high level, the technical indicators are overall healthy

After a significant pump in July, it is normal for the XLM price to enter a technical correction phase. According to Scopuly's analysis:

• Current Price: About $0.42 ( key observation level )
• Opening Price in July: $0.23
• **July High: ** $0.51
• RSI Indicator: 54.2 ( is in the neutral zone, with no overbought or oversold signals ).
• MACD indicator: Shows that short-term momentum is weak, but to a limited extent.
• Key Moving Averages: Price is stable above the 50-day and 200-day moving averages (indicating that buyers still dominate the medium to long-term trend)
• 24-hour trading volume: $28 million (indicating a sustained high interest in XLM coin by the market)

Key support and resistance levels:

(Source: TradingView)

• Core Support: $0.42 area. If it can continue to stabilize above this price level, it is expected to challenge the next target level $0.52.
• Risk Support: If the $0.42 key support is broken, the price may test the $0.30 area downwards. This price level constitutes an important watershed for the August XLM trend.

Potential Catalysts Affecting the Price Trend of Stellar in August

Scopuly emphasized the following key factors that may drive the price of XLM.

1. Protocol 23 Upgrade Approaches: This major network upgrade is an important source of confidence for long-term holders. Protocol upgrades typically bring improvements in blockchain performance and functionality (such as enhanced smart contract capabilities), which may attract new market attention and capital inflows, representing potential positives for XLM.
2. Major Partnerships: Stellar's deep collaboration with financial giants such as PayPal and Frank Templeton continues to empower it. These strong endorsements with real-world applications significantly enhance Stellar's appeal and value in the eyes of investors seeking practicality and reliability.
3. Market Sentiment and Trading Strategies:
   • Day Traders: Are closely monitoring depth pullback opportunities. If the RSI indicator falls below 30 (entering the oversold zone), it may be seen as a good entry point for buying the dip.
   • Cautious investors: May consider positioning when the price is closer to the strong support area around $0.30.

Stellar August Market Outlook and Final Conclusion

Stellar achieved impressive results in July 2025. Although the recent rise has paused, the technical indicators and fundamental signals remain predominantly positive:

• The XLM price remains stable above the key moving averages, indicating that the trend has not changed.
• Strong trading volume indicates that market interest remains unabated.
• As emphasized by Scopuly, $0.42 is the core price level currently contested by bulls and bears, and maintaining this level is a prerequisite for sustaining the upward momentum and further challenging the target level of $0.52.

August Outlook: With the implementation of Protocol 23 upgrade and the continued positive developments surrounding its important partnerships, the Stellar ecosystem is expected to welcome new development momentum. Whether the price first tests the $0.52 level or retraces to the $0.30 area to seek support, the long-term prospects for Stellar remain widely optimistic. The current market is in a consolidation phase, waiting for the catalyst for the next directional choice to emerge. Crypto Assets investors should closely monitor the effectiveness of the $0.42 support level and the latest developments of the aforementioned fundamental catalysts to formulate corresponding XLM trading strategies.