📊 $XPL TECHNICAL ANALYSIS - CONSOLIDATION PHASE 📊
Current Price: $0.1307 (+2.51%)
🔍 Chart Breakdown:
Strong Rally Phase (Jan 19):
• Explosive move from $0.1282 to $0.1364 high
• Clean breakout with conviction
• Volume supporting the move (76.93M XPL)
Current Situation:
• Healthy consolidation after the pump
• Trading above support at $0.1260
• Forming a tight range between $0.13-$0.1364
• Lower volume (10.10M USDT) = accumulation phase
📉 Key Levels:
Resistance: $0.1364 (24h high - needs to reclaim)
Support: $0.1260-$0.1282 zone (strong base)
Current: $0.1307 (middle of range)
💡 What's Next:
Bullish Scenario:
If @Plasma breaks above $0.1364 with volume, we could see continuation toward $0.15+ and potentially retest the $0.17-$0.27 range from earlier charts.
Bearish Scenario:
Loss of $0.1260 support could lead to a retest of lower levels around $0.12 before another attempt.
⚡ Trading Strategy:
This consolidation is healthy after such a strong move. Watch for:
✅ Volume increase on breakout attempts
✅ Higher lows formation = bullish continuation
✅ Break and hold above $0.1364 = entry signal
The structure remains bullish as long as we hold above $0.1260! Patience pays in these consolidation zones. 💎🙌
NFA - DYOR 
