Weekly outlook for XPLA ($XPL) is Cautious/Bearish due to a major event this weekend.
📉 Weekly Outlook
* The "Unlock" Risk: A massive 88.89 million token unlock (approx. $16M) is scheduled for this Sunday, January 25.
* Price Pressure: Expect high volatility and potential selling pressure leading up to and immediately after the unlock.
* Current Trend: $XPL is struggling below the 200-day SMA ($0.030). It is currently in a "wait-and-see" mode.
📍 Critical Levels
* Support: $0.118 – $0.122. If this breaks during the unlock sell-off, it could drop to $0.09.
* Resistance: $0.142. A daily close above this level after Sunday would signal that the market has absorbed the new supply.
💡 Strategy
* Avoid "Longs" until Monday/Tuesday to see how the market handles the 88M new tokens.
* Watch for a "Liquidity Sweep": If price spikes down to $0.11 and quickly bounces on Sunday/Monday, that is your signal to enter.
Trade carefully 👉 $XPL
