From Crypto Winter to Crypto Depression - Trouble for StellarStellar or XLM is in major trouble as it fights for its life in the crypto world.
If Bitcoin, Ethereum crashes - the alt market does tend to follow similar to major stock indices versus minor.
And there is no exception for this.
Now there are a few other reasons for Stallars downside to come including:
💥 1. Crypto Market Crash
A broader sell-off across crypto markets has dragged Stellar down with it.
📉 2. Lack of Developer Activity
Stellar is facing declining interest from developers compared to rival platforms.
💰 3. Investors Moving to Bigger Coins
Investors are shifting funds to Bitcoin and Ethereum for perceived stability.
🚫 4. Partnerships Falling Through
Several high-profile partnerships have quietly ended or stalled.
🧊 5. Low Community Engagement
Social media buzz and community activity around Stellar have hit new lows.
Here are basic technicals.
M Formation broke downn
Price below 20MA
First target to 200MA
Next to $0.135
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
