XLM has experienced a 12% decline due to a withdrawal of $196 million, contributing to a 33% decrease in Open Interest. This indicates a significant shift in trader sentiment and may signal continued bearish trends ahead.
The key support level for XLM is at $0.412. If prices dip below this, further declines to $0.359 may occur. Conversely, holding above this level could allow XLM to recover towards $0.439 or $0.470.
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