XPL/USDT: Key Levels to Watch in Current Downtrend
⚡Price Action & Context: XPL is trading at $0.0805, down significantly from higher levels and currently below all key Exponential Moving Averages (EMAs). The 100-period EMA at $0.0892 is acting as a major overhead resistance. Price is hovering just above the 24h low of $0.0792.
Indicator Snapshot:
✨The RSI(6) at 33.54 suggests the asset is approaching oversold territory, which can sometimes precede a short-term bounce. However, the MACD is negative (DIF < DEA), confirming the prevailing bearish momentum. The Stochastic RSI is also deep in oversold space.
👉Critical Outlook: The immediate support is the 24h low at $0.0792
🚨A break below could trigger further selling. For any trend reversal, bulls need to reclaim the EMA(9) at $0.0813 and then challenge the EMA cluster near $0.0820-0.0892.
High volume indicates active interest at these levels.
Trade Carefully: This structure shows clear bearish control. Any long trade is a counter-trend gamble against the momentum. Always use stop-losses.#Plasma @Plasma $XPL
