XLM Price at Make-or-Break Point as Bulls Face Momentum Test

XLM price surged 6.62% to $0.22 after ripping from $0.20, but veteran traders are cautious about the move.

The sharp increase in price was not accompanied by a surge of conviction-driven accumulation, as open interest on Binance Futures cratered 13.68% in the same 24-hour window, shedding over $7 million in notional exposure.

This dynamic is often seen in short squeeze mechanics or profit-taking by leveraged longs who loaded up lower and used the pop to exit.