🚨 $XLM on the Edge: Breakdown or Bounce? 🧐

Stellar (XLM) just took a sharp 10.84% hit in 24h, now trading around $0.41 — despite posting solid +12% gains earlier this week. Volume surged over 71%, crossing $1B as panic kicked in 😬

Why the drop? 📉

XLM failed to hold above key levels:

• 23.6% Fib retracement at $0.44

• 30D EMA around $0.41

• RSI is now deep in oversold territory (28.14)

• Price dipped below the lower Bollinger Band = volatility spike

On-chain data (via @CoinGlass) shows a worrying surge in long liquidations, with $79.8M in longs at risk near $0.40 vs $42.1M in shorts. July 11–17 saw leveraged traders wiped out on both ends.

👉 If $0.40 support fails, next target could be around $0.317 (61.8% Fib).

👉 Bulls need to reclaim $0.44–$0.47 to flip momentum.

Is this just a shakeout… or the start of a deeper dive?

📉 I'm watching $0.40 closely — it’s make-or-break.