From Crypto Winter to Crypto Depression - Trouble for Stellar

Stellar 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.