Momentum

Stellar

Quantum

Daily

<h2 id="three-things-to-know">Three Things to Know</h2>
<ul>
 <li>Stellar switched on its Bell upgrade on testnet, with a mainnet validator vote set for later this month.</li>
 <li>Daily momentum still favors sellers, and the token trades under both of its key moving averages.</li>
 <li>Bulls need to defend the $0.16 floor, where XLM now sits with no cushion beneath it.</li>
</ul>
<p>Stellar's Protocol 30 upgrade, called Bell, is now live on testnet. It adds tools for exchanges managing many customer balances and early post-quantum signature checks for smart contracts.</p>
<p>The upgrade gives XLM holders a clear catalyst, yet the token keeps drifting lower after a painful month. Traders now want to know whether the mainnet vote can revive demand.</p>
<h2 id="stellar-puts-bell-on-testnet-ahead-of-a-november-23-vote">Stellar Puts Bell on Testnet Ahead of a November 23 Vote</h2>
<p>The Stellar Development Foundation activated Protocol 30, codenamed Bell, on testnet after a validator vote on Nov 3. The foundation first outlined the design on Oct 20. A mainnet vote is set for Nov 23, and activation depends on validator approval.</p>
<p>Bell bundles three changes. First, CAP-84 adds muxed contract addresses, which start with a W and carry a 64-bit customer ID. Exchanges, custodians and payment firms can use them to run many customer balances through one smart contract.</p>
<p>Second, CAP-87 brings post-quantum ML-DSA signature verification, a NIST standard since 2024, to Soroban smart contracts. The foundation calls it the first onchain step of its Quantum Preparedness Plan. Network transaction signatures will remain Ed25519.</p>
<p>Finally, CAP-88 adds millisecond timestamps to prepare for faster ledger closes later. It does not speed things up today. Protocol 28 handled that in September, trimming close times from about 5.7 seconds to 5 seconds.</p>
<p>Wallets, exchanges and infrastructure operators must update their software before mainnet activation.</p>
<h2 id="upgrade-headlines-fail-to-lift-xlm-off-a-month-of-losses">Upgrade Headlines Fail to Lift XLM Off a Month of Losses</h2>
<p>Stellar (XLM) daily price with the nearest support (green) and resistance (red). Source: TradingView</p>
<p>XLM traded near $0.16 on Tuesday, flat over 24 hours. The testnet launch drew attention from developers, but it did not bring in buyers. The token has now lost about 28% over the past month, one of its steepest slides of the year.</p>
<p>Traders tend to treat testnet milestones as early steps, and the real test for Bell comes with the validator vote later this month.</p>
<p>The weekly picture shows the same lack of interest. XLM slipped about 5% over seven days, a slow drift lower that began before the announcement and continued after it.</p>
<p>Moving averages help explain the mood. A moving average tracks the mean closing price over a set number of days and smooths out daily noise. XLM sits below its 50-day average near $0.18. When price trades under that line, it tends to act as a ceiling that sellers defend.</p>
<p>The longer view looks weaker still. The 200-day average stands near $0.19, also above the current price. Trading under both lines means short-term and long-term trends point the same way, which is down.</p>
<p>For bulls, the 50-day line is the first real hurdle. A move back above it would be the earliest sign that the Bell news is finally changing minds.</p>
<h3 id="sellers-keep-the-upper-hand-as-momentum-fades">Sellers Keep the Upper Hand as Momentum Fades</h3>
<p>The daily RSI, a 0 to 100 gauge of buying and selling pressure, sits near 35. That reading counts as weak, with sellers clearly ahead of buyers.</p>
<p>It is not yet oversold, though. Traders usually treat readings under 30 as a sign that a sell-off has gone too far and a bounce may follow. XLM has not reached that zone, so the indicator leaves room for another leg lower before exhaustion sets in.</p>
<p>The MACD, a tool that compares short and longer price trends, also sits below its signal line. In plain terms, momentum is still pointing down. A separate trend-strength gauge confirms a real trend is in place, and sellers are the ones leading it.</p>
<h3 id="why-0-16-is-the-floor-bulls-cannot-lose">Why $0.16 Is the Floor Bulls Cannot Lose</h3>
<p>XLM is trading right on top of its nearest support, so there is no cushion beneath the current price. On the daily chart, the token has tested this zone several times in recent sessions. Each test with weak momentum makes the floor a little thinner.</p>
<p>A close below this floor would open the way to the next support near $0.14. That drop would add another leg to the monthly slide and likely push the RSI into oversold territory. Buyers would then need to prove they can defend a much lower base.</p>
<p>Overhead, the first hurdle sits close by, near $0.17. A push through it would be a modest win for bulls. The bigger signal would come from clearing the next resistance, which lines up with the 200-day average. Reclaiming that level would mark the first real break in the downtrend.</p>
<h2 id="two-paths-into-the-mainnet-vote">Two Paths Into the Mainnet Vote</h2>
<p>The Nov 23 vote gives traders a date, but the chart will likely decide the direction first.</p>
<ul>
 <li>Bullish: A daily close above the nearest resistance would put the 50-day average back in play as the next target. That would show buyers finally responding to the upgrade. The setup fails if XLM slips back under its current support.</li>
 <li>Bearish: A close below current support would point toward the lower floor flagged on the daily chart. A reclaim of the nearest resistance would cancel that view and ease the selling pressure.</li>
</ul>
<h2 id="good-code-bad-chart-for-now">Good Code, Bad Chart for Now</h2>
<p>Bell gives Stellar real upgrades for institutions and an early start on post-quantum security. XLM stays in a seller-led trend until it climbs back above its 50-day average.</p>
<p>Risks remain. Validators could reject or delay the Nov 23 vote. A broader crypto selloff would also swamp any optimism around the upgrade.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>

XLM's Bell Testnet Launch Leaves It Stuck Below $0.18 Resistance, What's Next?

Table of Contents

Crypto Daily™

Other articles published on Nov 4, 2026

Join our free newsletter for daily crypto updates!