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<a href="https://jpygbp.com/xlm-usd/">XLM</a> Surges From 0.14 To 0.22 As Liquidation Leverage Gets Swept

XLM’s price increased from $0.14 to $0.22 following approximately $10 million in short position liquidations. Traders are now watching for potential resistance around $0.24 and $0.25.

XLM’s price increased quickly, jumping from around $0.14 to nearly $0.22 after a period of little movement. This rise happened as traders reacted to a quick liquidation of many leveraged short positions.

Stellar’s recent price movement brought it to a significant resistance level. Traders are also noting increased selling pressure around $0.24 and $0.25, which could lead to further price drops.

XLM Breaks Out After Six-Day Base

For around six days, Stellar held steady around $0.14. Then, according to chart data, the price quickly rose to nearly $0.22 in just two days.

The price recently surged after a prolonged period of little movement. XLM had been trading within a limited range following a general decrease from its previous peak.

that XLM heatmap just told me everything

flatlined at 0.14 for 6 days… then exploded to 0.22 in 48 hours

As an analyst, I’m watching a significant amount of leveraged positions – around $371 million – get cleared out as the price hit 0.18. Now, we’re seeing the next major resistance level at 0.24 rapidly approaching, and the price is steadily climbing towards it. It looks like a potential short squeeze is building, with the price action resembling a staircase pattern.

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) May 29, 2026

The price recently moved up from a demand zone between $0.145 and $0.160. This area had previously provided support before the price increased rapidly.

XLM was recently trading around $0.2178, up approximately 7% for the day. This increase has brought the price back to a previous area of trading activity.

Liquidation Leverage Gets Swept

Traders noticed a significant amount of leveraged positions were likely to be closed around $0.18. As the price increased and broke through recent trading levels, these positions were indeed closed.

A significant amount of trading activity, around $371 million, was concentrated near the $0.18 price level. Breaking through this level likely caused traders who were betting against the price to buy back their positions, potentially contributing to a price increase.

During the recent two-day price increase, the number of forced closures of short positions also went up. Reports indicated that these closures, often called ‘short squeezes,’ totaled almost $10 million during that time.

In the last two days, Stellar (XLM) experienced its biggest wave of liquidations, with short positions being wiped out resulting in nearly $10 million in losses.

A move up past .25cents will wipe out a whole new batch.

— Chad Steingraber (@ChadSteingraber) May 29, 2026

When companies are liquidated, it can actually help prices go up, especially if short sellers are forced to cover their bets by buying back shares as the price increases.

This purchasing activity could lead to a rapid price increase, which traders have called a “short squeeze staircase.”

Traders are now watching the $0.24 price level for potential selling. If the price rises above $0.25, it could trigger the closing of more leveraged trades, based on current market analysis.

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Price Tests Key Resistance Near $0.24

On the daily chart, the price is facing a key resistance level between $0.22 and $0.25. It’s currently trading near the lower limit of this range.

If the price consistently closes higher than this level each day, it suggests increasing buying pressure. This would also mean XLM has broken through a price level that previously limited its upward movement.

Traders are closely watching the $0.24 price point as the next likely target, as it’s near a level where many positions could be liquidated.

If the price rises above $0.25, it could create an opportunity to reach $0.30 or $0.32, as those prices previously acted as support or resistance levels.

In the short term, the price is likely too high. The Relative Strength Index (RSI) is approaching 80, indicating the asset is overbought.

The MACD is now showing an upward trend. The MACD line has crossed above the signal line, and the histogram is positive.

Bulls need to keep the price between $0.19 and $0.20. If the price drops to that level, it will show whether there’s still strong interest from buyers.

If the price drops below that level, it could signal a weakening of the recent upward trend. This might then lead traders to look again at the $0.145 to $0.160 range as a potential support level.

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2026-05-30 08:30