Smart Money Buys XLM Dip Amid 3.9% Price Drop
XLM is clinging to $0.21 support after a 3.9% price drop in the past 24 hours, triggered by sellers who flushed weak hands out of long positions at resistance.
However, derivatives data reveals that smart money is buying the dip, top traders are positioned 62% long and taker buy pressure is outpacing sellers at a 1.42 ratio.
The setup gives a 65% probability of a rebound, according to the source's analysis.