Short-term pressure persists: $XPL XPL’s price at 0.1279 USDT remains under continuous technical pressure, with negative net inflows and declining momentum across multiple timeframes. Institutional traders favor short positions, echoing similar corrections seen in BTC and ETH.
News & Sentiment (Bearish📉):
Investor retreat: Recent macro news on persistent Fed tightening expectations led to broad crypto outflows, pushing altcoins like XPL lower alongside BTC’s drop below 85 000 USDT.
Market contagion: In line with risk-off behavior observed in SUI and ADA, XPL’s social sentiment shows fading optimism and a shift to defensive positioning.
Technical Conditions (Bearish📉):
Momentum decline: KDJ K value fell from 86 to 22 on the 4H chart, showing rapidly fading upside momentum.
Weak fund flows: Three-day cumulative net outflow over –1.96 million USDT confirms liquidation pressure.
Leverage imbalance: Although longs dominate open interest (≈80%), falling prices indicate potential long squeeze risk as funding rate turns mildly positive (0.005%).