Here is possible scenario of XEM price developing.
Aftet XYM airdrop was made, price of XEM dropped almost 91%. Since June it retraced ~190%, but price was strongly rejected at 0.23x.
XEM also slowly but continuously looses positions at coinmarketcup(#72 at time of writing).
NEM puts efforts on its new token "XYM" and further development/support of XEM seems...
déjà vu ??
You have seen it many times through different trading instruments and you still going to see it AGAIN AND AGAIN . It can be Derivatives or whatsoever. Mostly this pattern is used to drastically change the trend to the lower side.
The impulse wave of 2015 - 2017 could repeat in a similar manner. The chart of 2020 - 2021 looks relatively alike so far. I projected the potential waves with the trend based tools. You get a slightly different result with close prices.
Also, back then we had the volume peaking with a huge amount at the end of wave one, tricking people to believe it's over just...