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    Home ยป Stellar Protocol 23 (‘Whisk’) causes pauses on exchanges and leaves XLM facing key resistances

    Stellar Protocol 23 (‘Whisk’) causes pauses on exchanges and leaves XLM facing key resistances

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    By chloe on September 3, 2025 Cryptocurrencies, Stellar News
    Stellar Protocol 23 ('Whisk') causes pauses on exchanges and leaves XLM facing key resistances
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    The activation of Protocol 23 on the Stellar network caused a temporary halt to deposits, withdrawals along with in some cases, XLM trading on major exchanges as the migration concluded. This deployment caused momentary price changes and made XLM test resistance levels, because there was less money available and more attention from big organizations.

    What Happened During the Upgrade

    Stellar put Protocol 23 in place to improve how it handles events, to reduce costs in addition to to make it easier for developers to use. During this implementation, platforms like Upbit, Bithumb next to Bybit said they would pause deposits plus withdrawals to protect balances and prevent problems from chain changes. The measures, put into place on September 3, 2025, in various markets, had different durations for each exchange.

    Immediate Impact on the Market and Technical Levels

    The market reaction was mixed – XLM showed brief increases that did not last. The most important resistance area is between $0.36 and $0.39, with support visible around $0.30 – $0.33. A lasting close above $0.364 – $0.373 could bring back people who want to buy, but a fall below $0.33 would make it more probable that prices would drop toward $0.23 – $0.27. The levels are useful guides for managing risk and for short term traders.

    Response from Exchanges but also the Community

    Exchanges said that the suspensions happened because of operational choices and caution to keep funds safe, not because of problems with the public protocol. The community took the upgrade with careful hope – it values the technical improvements, but warns that less money available temporarily makes price changes greater. Clear communication from platforms and active monitoring of nodes were important parts of reducing risks.

    Stellar Protocol 23 ('Whisk') causes pauses on exchanges and leaves XLM facing key resistances

    Most Repeated Official Messages

    The protection of funds was a priority, with focus on the integrity of balances over market continuation. For transparency, there were estimates of when operations would start again as well as updates on official channels. Technical supervision involved teams making sure nodes were in sync to prevent forks or problems.

    Opportunities, Implications

    In the short term, the combination of the upgrade and pauses acts as a cause for price changes and may limit how much money is available, which requires more care when trading. In the medium term, Protocol 23 makes the technical base stronger for decentralized financial products by lowering costs plus improving throughput. Protocol improvements do not promise an automatic increase in value – price direction will depend on how much money flows in, how people feel along with overall economic conditions.

    Practical Recommendations

    During resumptions, it is good to check official announcements, for example on the Stellar blog and exchange support channels. Avoid buying aggressively until there are more orders to fill. Consider taking funds to personal wallets only if truly needed and with proper care. Avoiding aggressive trading during resumptions helps reduce unexpected executions but also price differences.

    Protocol 23 represents a very important technical improvement for Stellar and makes the network’s structure better, but preventive exchange pauses and less money available left XLM facing resistance that must be overcome to confirm a change in direction. The upgrade makes the structure stronger – traders as well as users should watch technical levels, liquidity in addition to official communications until operations return to normal.

    Crypto market price Stellar XLM
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    chloe

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