BASE FORMATION AT MAJOR DEMAND ZONE
$XPL price around 0.123 (Spot)
$XPL has completed a full sell-side liquidity sweep and is now stabilizing inside a higher-timeframe demand zone. The sharp drop was followed by a controlled reaction, indicating selling pressure has been absorbed. Price is building a base after BOS and reacting from a clear FVG, which often signals the end of distribution and the start of accumulation. The projected structure shows higher highs and higher lows if demand continues to defend this zone. As long as price holds above the current base, the broader structure favors a gradual upside expansion toward the previous supply area.
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