【Crypto World】Stellar has been testing the critical support level between $0.18 and $0.22. It doesn’t seem like it’s going to fall all the way down; instead, there’s a sense of compression. On-chain data reveals that the downward pressure from the bears is actually weakening. A large amount of leveraged short positions are accumulated around $0.23-$0.25, which acts like a “liquidity trap” set for the bulls. Interestingly, the outflow of funds from exchanges is decreasing, indicating that the selling enthusiasm is indeed cooling off. If XLM can break through the resistance at $0.25-$0.26, there could be a significant upward move ahead. Now, it all depends on whether it can break through this level.
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ETHReserveBank
· 1h ago
0.26 That level really needs to be seized well; the concept of a liquidity trap is quite interesting.
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quiet_lurker
· 1h ago
The liquidity trap is quite interesting. The bears piling up there just give the bulls an opportunity... I'm just worried it might drop back again. XLM is too easy to plunge.
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GetRichLeek
· 2h ago
Girls, we really have to get through the 0.25 hurdle, or else it's just another trap.
A bunch of bears are stuck between 0.23-0.25, oh my, isn't this just the market makers setting a trap for us... I bet five bucks it will break down.
Looking at the on-chain data, the outflow of funds has decreased, indicating that people are starting to buy the dip. I must stay alert for this wave; I missed out last time because of this.
Once it breaks 0.26, let's wait for the turnaround. Keep a steady mind, everyone.
By the way, the compression of this support level looks pretty good, but the shadow of my heavy loss hasn't disappeared yet. I still feel like this is just a show by the market makers before they harvest the gains.
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AirdropHermit
· 2h ago
The concept of a liquidity trap is interesting, but breaking through it isn't guaranteed; it depends on whether there's enough volume to support it.
XLM is hovering around a key support level; breaking through $0.26 may present a rebound opportunity.
【Crypto World】Stellar has been testing the critical support level between $0.18 and $0.22. It doesn’t seem like it’s going to fall all the way down; instead, there’s a sense of compression. On-chain data reveals that the downward pressure from the bears is actually weakening. A large amount of leveraged short positions are accumulated around $0.23-$0.25, which acts like a “liquidity trap” set for the bulls. Interestingly, the outflow of funds from exchanges is decreasing, indicating that the selling enthusiasm is indeed cooling off. If XLM can break through the resistance at $0.25-$0.26, there could be a significant upward move ahead. Now, it all depends on whether it can break through this level.