📊 $XPL / USDT Technical Analysis: Is the Bottom In?
$XPL (Plasma) is showing some high-voltage price action! After a period of intense volatility and a deep shakeout toward the 0.11 zone, we are seeing signs of stabilization.
🔍 Key Observations:
Support Level: The 0.11 - 0.12 range has emerged as a crucial psychological and technical floor. Buyers stepped in aggressively at the lows, leaving a long lower wick on the daily timeframe. 🛡️
Trend Status: We are currently in a "wait-and-see" phase. While the immediate panic has subsided, price is still battling local resistance. A daily close above the recent local highs would signal a shift in momentum.
Indicator Insight: The RSI is hovering near the neutral zone. This suggests that the "oversold" pressure is cooling off, making room for a potential trend reversal if volume begins to pick up. 📈
🎯 Trade Setup (For Educational Purposes):
Entry Zone: $0.120 - $0.125 (DCA approach is safer here)
Target 1: $0.150 (Short-term resistance)
Target 2: $0.185 (Previous structural breakdown point)
Stop Loss: Below $0.110 (Invalidation zone)
The Bottom Line: Dips like these are where smart hands accumulate while the market is fearful. Watch the volume—a spike here could confirm the start of a new markup phase.
What’s your move? Are you buying the dip or waiting for more confirmation? Let me know below! 👇
#XPL #Plasma #CryptoAnalysis #TechnicalAnalysis #Altcoins2026 $XPL
