A notable $6.9K long liquidation at $8.58468 shows strong bearish pressure hitting leveraged longs. The key level to watch is $8.40. If buyers absorb selling here, price could recover toward $8.80. A decisive breakout above resistance may extend the move toward $9.10. If support fails, expect continued volatility and possible downside continuation.
Support: $8.40
Resistance: $8.80
Next Target: $9.10
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