Stellar ($XLM ) witnessed an intense market shake-up as $3.95K worth of shorts were liquidated at the $0.4347 price level.

What Happened.

Short liquidation occurs when traders betting against the price rise of an asset are forced to close their positions as the price moves against them. In this case:

XLM's price spike above $0.43943 triggered this liquidation.

This move indicates bullish momentum or a short squeeze, where buyers pushed the price upward to liquidate shorts.

Key Market Data:

Current Price: Check live updates as $XLM may continue this move.

Resistance Level: $0.4400 (key level to watch for breakout).

Support Level: $0.4350 (area to watch for buyers stepping in).

What’s Next for $XLM

If the bulls maintain momentum:

Short-Term Target: $0.4500.

Extended Target: $0.4600 (if momentum continues).

In case of rejection at resistance:

Support Retest: $0.4350.

Stop-Loss for Longs: Below $0.4300.

Thrilling Implication: The short liquidation hints at market participants anticipating higher prices. Keep an eye on volume and momentum—this could be the start of something bigger for Stellar.

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