Stellar (XLM) has flashed a short-term death cross after a 10% decline from its recent high, raising concerns about further downside. The 50-period moving average dropped below the 200-period moving average on the 2‑hour chart, confirming the bearish pattern. This technical signal follows a sharp correction from the May 30 peak of $0.297, which had been driven by a 103% surge after news that the DTCC—the $114 trillion Wall Street clearing giant—was expanding on the Stellar blockchain.
At press time, XLM was trading at $0.184, down 6% over the past 24 hours and 18% on the week. The token slipped back below the daily MA 200 ($0.188), with the next critical support at the daily MA 50. To regain bullish momentum, XLM must reclaim the daily MA 200 and push toward the $0.21 resistance, followed by the $0.27–$0.29 range.
On the development front, Stellar is preparing for Protocol 27, which introduces authentication delegation for custom accounts (CAP-0071-01), allowing smart contract accounts to delegate authentication logic. Key dates include the testnet upgrade on June 18 and the mainnet upgrade vote on July 8. Additionally, the Quantum Preparedness Plan (QPP) was announced, aiming to migrate the network to quantum-safe cryptography. By late 2027, all Stellar accounts could add a quantum-safe signer via a native protocol upgrade, while enterprise wallets may transition in 2026 using Soroban contract accounts.
