XLM Gives Back Rally as Price Returns to Lows

XLM reached all four upside targets before falling toward 0.16–0.17, showing how quickly a profitable trade can turn. As prices increased, short liquidations in late-May hit around $10 million, and forced position closures were smaller in later months. XLM faces renewed selling pressure after losing its rising trendline, with traders watching nearby support and the former $0.18 breakout level. XLM has given back most of its earlier advance, returning toward previous lows after a rally that reached four projected targets.

Source: Crypto Front News