If one looks at the XPL chart without prejudice, the feeling is not one of chaos, but of contained tension. It is not exploding, but it is also not falling. It is like that moment when the market seems to ask: “Is it worth betting more on this currency or not?”.
In the last candles, something interesting can be seen: each drop is relatively short and each rise, although not spectacular, is consistent. This usually indicates that there are buyers waiting for opportunities. It is not euphoria, it is patience. And in crypto, patience is often a stronger signal than it seems.
The moving averages show that the price is fighting with key levels, which usually means that the coin is in an accumulation phase.
That is to say, there is not a massive outflow of capital, but rather a more strategic movement: some sell, others buy, but no one completely abandons ship. When that happens, many times the market is preparing for the next move.
What can be expected from XPL, in general terms, is not an immediate 'boom', but a more realistic scenario:
if the general market supports it and XPL breaks certain resistances, it can enter a clearer upward phase.
If it does not succeed, it will probably remain in a lateral range for a while, consolidating price before deciding its direction.
In simple words:
XPL right now is not a crazy token, it is a building currency.
#plasma @Plasma $XPL