The Stellar Lumens (XLM) price has experienced a significant decline, dropping to its lowest level since November 23 and falling about 45% from its highest point this year. This drop aligns with the wider cryptocurrency market, including Bitcoin (BTC) and Ripple (XRP), which have also seen decreases. Despite the current downturn, there are some potential bullish catalysts for Stellar, including the possibility of a more favorable crypto industry under the Trump administration and the anticipation of a spot XLM ETF in 2025. Additionally, more developers are adopting the Stellar blockchain, and the total value locked in its decentralized finance network is increasing. The current decline is attributed to the coin entering the markdown phase of the Wyckoff Method, but there is a possibility that the Stellar price could reach $1 in the long term if it rebounds from its year-to-date high.



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