The $XPL chart is showing some interesting volatility today! After hitting a local low of 0.0782, we’ve seen a solid bounce back to the 0.0815 level, marking a +3.43% gain in the short term.
📊 The Technical Breakdown:
Support Level: The price successfully tested the 0.0782 support zone and held firm. This "bottoming out" signal is a positive sign for bulls.
Resistance Zone: We saw a rejection at the 0.0860 peak. A clean break above this level could trigger a fresh rally toward the 0.090+ range.
Current Sentiment: The 1H chart shows a series of green candles attempting to reclaim the mid-range. While the "Seed" tag indicates higher volatility, the recovery from the lows shows active buying interest.
💡 Trader’s Perspective:
The market is showing a -21% decline over the last 7 days, suggesting that XPL is currently in a consolidation or "oversold" phase. For long-term believers in the Plasma Network ecosystem, these dips are often viewed as potential accumulation zones before the next leg up.
Key Levels to Watch:
✅ Bullish: Weekly close above 0.0860.
⚠️ Bearish: A break back below the 0.0780
What’s your move? Are you 💎 holding or waiting for a deeper dip? Let’s discuss in the comments! 👇
