#FARTCOIN Short Liquidation: $10.246K at $0.89872 – A Gas-Powered Breakout!
The crypto market just experienced a wild surge as $10,246 worth of short positions in FARTCOIN were liquidated at the critical price of $0.89872.
This explosive move has sparked excitement among traders and shows that FARTCOIN is making noise in a big way. Here’s an in-depth look at this thrilling event:
Traders betting against FARTCOIN (short positions) were caught off guard as the token’s price surged past $0.89872, forcing them to liquidate their positions.
This liquidation injected fresh buying pressure into the market, fueling further bullish momentum and breaking a significant resistance level.
1. Key Resistance Broken:
The price at $0.89872 was a major resistance level. Breaking through it indicates strong demand and a possible trend reversal to the upside.
2. Short Squeeze Potential:
With shorts being liquidated, the forced buying can cause a short squeeze, driving the price higher and potentially breaching the $0.90 psychological barrier.
3. High Volatility:
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