$XLM Short Liquidation Spikes.

$1,204.8 Short Liquidations Hit $0.34911.

The crypto market has once again shown its unpredictable nature as Stellar forced out short sellers with a liquidation of $1.2048K at the critical price level of $0.3521.

Traders betting on $XLM downside were caught off guard as the price surged, hitting stop-losses and triggering a cascade of liquidations. This sharp move highlights a potential shift in market sentiment as bulls take charge.

What does this mean.

For Bears: Short positions are feeling the heat, and further upward momentum could spell more liquidations.

For Bulls: The price breaking above $0.349 could signal a potential rally, with $0.36-$0.38 acting as immediate targets.

Key Levels to Watch:

Support: $0.3400

Resistance: $0.34911, $0.3600

Next Move:

$XLM volume spike suggests increasing volatility. Traders should exercise caution and monitor market trends closely. Will the bulls sustain this momentum or will the bears strike back.

Stay tuned for updates.

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