Massive Action in $XAI

Short Liquidation Alert: $2,008.9 worth of shorts just got liquidated at a price of $0.2582. The bears got wrecked as the market moved against them, forcing positions to close.

What Happened.

Liquidation Triggered: This occurs when traders who bet against $XAI (short sellers) are forced to exit their positions as the price moves higher, hitting their liquidation price.

Liquidation Amount: A total of $2,008.9 was wiped out, showing significant bullish pressure at the $0.25621 level.

Implications:

1. Market Sentiment Shift: Such liquidations often indicate a rise in buying momentum as bulls overpower bears.

2. Resistance Turned Support: The $0.25621 price level may now act as a key support zone as bulls defend their territory.

Key Levels to Watch:

Support Zone: $0.2500 - $0.2560

Immediate Resistance: $0.2700 - $0.2750

Breakout Target: $0.3000

Thrilling Takeaway:

The bulls are back in action. With liquidations hitting shorts hard, $XAI might be gearing up for a powerful rally. Keep an eye on the volume and price action for the next breakout move.

Are you riding the wave, or will you be left in the dust? The market waits for no one.

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