$XPL is trading around $0.091, sitting near recent lows after a strong rejection from the $0.21 area. The daily chart shows a clear downtrend, with price staying below key moving averages a sign sellers are still in control for now.
However, there’s a small detail worth watching Price is holding just above the $0.089 support, and selling pressure looks less aggressive compared to the previous drop.
Funding rates are slightly negative, meaning many traders are short this often sets the stage for short-term bounces if buyers step in.
How to read this as a trader/investor:
Below MAs trend still weakStrong support zone around $0.088–$0.09Any reclaim above $0.10–$0.115 could signal relief move.Patience matters confirmation > guessing.
For now, XPL looks like it’s consolidating at the bottom, not reversing yet. Smart money usually waits for structure to change, not just price to feel cheap.#Plasma @Plasma
