đš $XPL Market Update: Possible Trend Reversal Alert
đ Since the launch of the $XPL contract five months ago, price has been in a continuous downtrend.
âŹïž Today, $XPL touched its historical lowest price, marking a sharp 70% drop from the all-time high.
đ After hitting this bottom, price reacted immediately and moved upward, flipping the daily candle from bearish to bullish.
đ This shift suggests a potential trend reversal, making today a critical turning point.
đ° Contract open interest has surged to $110 million, while total market capitalization stands near $220 million â indicating strong market participation.
â±ïž On the hourly chart, price action is showing continuous higher highs, signaling growing bullish momentum.
đ Early positioning could offer a strong risk-reward setup as momentum builds.
â ïž As always, manage risk wisely and confirm entries with your strategy.$