$XLM has spent the better part of two weeks getting absolutely punished. Monthly losses sitting near -30%, the 78.6% Fibonacci retracement at $0.18 is gone, and the RSI touched 21 — a reading this low doesn't show up often.
But here's the thing. Oversold didn't buy the dip. The bounce off $0.15 was timid. Volume didn't confirm. And with the 200-day SMA still sitting up at $0.31, any relief rally has a lot of overhead resistance to deal with before it means anything structurally.
What's interesting is that Stellar's fundamentals actually moved this week — Institutional Vaults on-chain, CME futures going live. The tech narrative held. The price didn't care.
That gap between fundamentals improving and price continuing to slide is worth watching closely.
