📊 Layer 1 vs. Layer 2 Drama: Why $XLM is Losing Momentum 📉
The chart labels $XLM as both a Layer 1 and Layer 2, but its price action is acting like neither right now. We've seen a clear rejection from the $0.40 psychological level, and the $0.3782 price point is dangerously close to slicing through the MA(7). This looks like a classic market correction after a failed mini-rally earlier this month.
The narrative right now is all about high-throughput L2s, and unless Stellar Lumens can drop a game-changing catalyst, the market will keep bleeding out momentum. If the $0.37 support cracks, expect a fast move towards the Sept lows near $0.3458.
Question: What major catalyst is needed for $XLM to recapture the L1 glory? Share your opinion!
#XLM #Layer1 #CryptoTrading #TechnicalAnalysis #BNBmemeszn