Analysis: Stellar network upgrade triggers price fluctuations, XLM rises 14.3% intraday

 price of Stellar Lumens (XLM) rose by a maximum of 14.3% in the past 24 hours, from $0.252 to $0.293, finally closing at $0.2896. This increase was accompanied by a significant increase in trading volume, peaking at 405.9 million coins, 7.5 times the daily average trading volume.

The price increase was mainly driven by the release of Stellar Core v23.0.0rc2, which enhanced network maturity and scalability. Technical analysis shows that XLM has broken through the resistance levels of $0.270 and $0.278, with short-term support established above $0.278.