$XLM

🚨 Stellar price is crashing: how low can XLM fall? 📢

👀Stellar price suffered a harsh reversal as recent momentum faded, and a sea of red clouded the crypto industry.

Stellar Lumens Stellar

3.63% Stellar crashed to a low of $0.3570, its lowest level since Nov. 23, and about 45% below its highest point this year.

This decline is part of the ongoing meltdown in the cryptocurrency market. Bitcoin Bitcoin

1.34%Bitcoin, which often sets the tone for the broader crypto industry, dropped to $97,700, significantly lower than last week’s high of $104,000.

Stellar’s retreat also coincided with Ripple xrp6%XRP dropping to a key support level of $2, down 25% from its all-time high. XLM often experiences larger swings than XRP. For instance, XLM surged by over 500% in November, compared to XRP’s 450% rise.

The daily chart indicates that XLM’s price has suffered a harsh reversal, as previously predicted. This pullback followed the formation of a near double-top pattern at $0.6040, a well-known bearish market signal.

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