XLM gave back a large part of its late-May rally after a sharp reversal in momentum. The token had surged 103% on news that DTCC was planning to expand operations on the Stellar blockchain, and it briefly touched $0.297 on May 30. That move did not hold. At the time of reporting, XLM was down 6% over 24 hours, trading near $0.184, with its weekly loss reaching 18%.
Short-term charts now show a weaker setup. On the two-hour timeframe, XLM formed a short-term death cross, with the 50-period moving average falling below the 200-period moving average. Selling pressure increased after the earlier spike, while broader weakness across the crypto market ahead of key economic data added to the pullback.
XLM Slips Under the 200-Day Moving Average
On the daily chart, Stellar has moved below the 200-day moving average near $0.188. That break shifts attention to the next technical level, the 50-day moving average. If buyers fail to defend that area, XLM could move back toward the lower end of its current trading range.
If the token recovers and holds above $0.188, the first upside area in focus is $0.21. A break there would put the $0.27 to $0.29 zone back on the chart as the next area to watch.
Protocol 27 Schedule Points to a July 8 Mainnet Vote
While price action remains under pressure, Stellar’s core development team has published an updated timeline for the Protocol 27 network upgrade. The new stable release of Stellar Core went live on June 5. RPC and Galexie releases are expected on June 10, SDK updates are scheduled between June 5 and June 11, and the Horizon update is set for June 12. The testnet upgrade is planned for June 18, followed by the mainnet upgrade vote on July 8.
One of the highlighted features in Protocol 27 is delegated identity authorization for special accounts, listed as CAP-0071-01. The feature allows smart contract-based accounts to delegate identity verification logic to other addresses, giving account structures more flexibility in authorization and security design.
Quantum Security Plan Extends Through 2027
Developers also introduced a Quantum Preparedness Plan for Stellar. Under the roadmap, by the end of 2027, every Stellar account will be able to add a quantum-safe signer to its address history through a protocol-level upgrade.
The migration path for enterprise wallets is set earlier. According to the plan, those wallets are expected to move to quantum-secure signing through Soroban contract accounts during 2026. With XLM weakening on the charts and Stellar moving ahead with protocol and security changes, market attention is split between near-term price levels and the network’s upgrade calendar.