The current chart structure on $XPL is showing a potential double bottom formation, which is often interpreted as a classic trend reversal signal when confirmed with volume and momentum. Price action appears to be stabilizing after sustained downside pressure, suggesting that sellers may be losing control while buyers gradually step in. If the neckline is convincingly broken, this structure could open the door for a measured move toward higher resistance zones.
From a technical perspective, the projected upside targets align around 0.17, 0.18, 0.19, and potentially 0.20, which also coincide with previous supply areas and psychological levels. A successful reclaim of these zones would strengthen bullish sentiment and validate the reversal thesis.
Beyond pure chart patterns, the broader narrative around @plasma and its ecosystem development adds contextual strength to this setup, as fundamentals often act as fuel once technical confirmation appears. As always, confirmation, volume expansion, and market conditions will be key, but the structure itself is worth watching closely. #plasma #XPL
