Stellar's XLM Surges 14% in Two Days, Approaching Key Resistance Level

Stellar's XLM has experienced a notable increase of approximately 14% over the past two days, reaching the 61.8% Fibonacci retracement level at $0.1776. According to NS3.AI, the current price stands at $0.1777 on the 12-hour chart. Analysts suggest that surpassing the $0.1776 mark could pave the way for a rise to $0.2010. Conversely, a rejection at this level might lead to a dense long liquidation zone around $0.1630, with $4.30 million in leverage potentially at risk.