$XNY just triggered a short liquidation, indicating bearish pressure failed to hold. This often signals local exhaustion on the downside and opens room for a technical rebound. Immediate support is holding near $0.00385, which remains the key level to defend. As long as price stays above this zone, bullish continuation is favored.
On the upside, first resistance sits around $0.00430, followed by a stronger supply zone near $0.00475. A clean break and hold above resistance could accelerate price toward the next target at $0.00520. Bias remains cautiously bullish while support holds.
XNYUSDT
Perp
0.004318
-4.53%