Can't hold on, then collapse! XLM is in peril ⚠️ Falling below $0.27, a dive to $0.23 is not a dream 💀📉
What has been the recent performance of Stellar (XLM)? It can only be described in two words: disastrous.
A weekly plunge of over 11%, leaving no chance to breathe. 📉
Currently, the price is teetering at the $0.27 mark, with the market in lament, and analysts have already pointed out:
💥 If it can't hold $0.27, the next target will be straight to $0.23!
What's more heartbreaking is:
🔻 The six consecutive days of falling open contracts indicate that investors are fleeing;
📉 The funding rate has turned negative, with most of the market betting on further collapse;
📉 RSI continues to decline, and sellers are firmly in control;
💰 8 million XLM have been frantically sold off, and the short term has completely collapsed.
In summary: Bears are celebrating, while bulls are collecting the corpses.
⚠️ Warning: If XLM falls below $0.263, the next stop will be directly $0.252, and the bloodbath price of $0.23 mentioned by Martinez might be seen sooner than expected.
📌 Conclusion: Retail investors still fantasizing about a reversal need to wake up! $0.27 is the line of life and death; if it can't hold, just wait to see the bears smash the market! 💀💸