🪙 $XAG Token Alert: Massive $2.0294K Short Liquidation Sparks $77.99 Surge
XAG token just made waves in the market with a significant short liquidation of $2.0294K at the $77.99 level, sending ripples across traders and analysts. The sudden liquidation indicates that bearish positions could not hold against rising momentum, triggering a swift upward correction. Observing the recent candlestick chart, XAG shows a clear break above the immediate resistance zone near $77.50, backed by rising volume that confirms buying pressure. The Relative Strength Index (RSI) is climbing toward 68, signaling strong bullish energy but nearing overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) line has crossed above the signal line, reinforcing the upward trend and hinting at potential continuation in the short term. On-chain metrics suggest increased accumulation by whales, with notable wallet movements around the $77–$78 range, highlighting strong confidence among high-cap investors. The token’s volatility has spiked, evident from the Bollinger Bands widening, suggesting traders should watch for potential retracements or further breakouts. With support levels holding near $76.50 and $76, XAG seems positioned for a potential rally toward $80 if buying momentum sustains. However, traders should remain cautious, as profit-taking or another round of shorts could create temporary pullbacks. Overall, this liquidation event underlines XAG’s growing activity, and the chart patterns, indicators, and on-chain data collectively point to an exciting phase for traders watching this token closely.
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