$XPL is currently in a cooldown phase following a recent drop. Price is hovering near a key support/demand zone, an area where buyers have previously stepped in — evidenced by long lower wicks showing seller attempts were absorbed.
Key points for direction:
If $XPL holds this green support zone and forms small green candles, it suggests buyers are defending it, hinting at a potential short-term bounce.
A break and close below support would indicate weakness, shifting focus to the next lower zone.
The red zone above marks strong resistance; a real trend shift requires price to reclaim and sustain above it.
Traders and investors are watching:
How price reacts at support (hold or break)
Candle closes rather than just wicks
Volume spikes on green candles for confirmation
For now, patience is key — the market’s next direction will become clearer once support is either confirmed or lost.