Analyzing the latest 4-hour chart for $XPL L, we can observe a significant shift in market momentum. After a period of price correction, the asset is forming a textbook recovery structure. Currently trading around $0.1455, the price action suggests that buyers are aggressively defending the lower order blocks.
The most important technical feature on the chart right now is the "V-shape" bounce coming off the recent support. For #plasma, this indicates that the selling pressure has likely reached exhaustion. As the price moves higher, the next key hurdle for $XPL will be the 127M Volume Order Block sitting near the $0.1650 range. Breaking and holding above this resistance would confirm a true trend reversal and open the door for a retest of the psychological $0.20 level.
Beyond the technicals, the fundamental utility of @Plasma continues to provide a strong backdrop. With features like gasless USDT transfers and sub-second finality, the project is solving real friction points in decentralized finance. In trading, the "boring" accumulation and recovery phases are often where the best foundations are built. I am maintaining a positive outlook on the ecosystem as long as we continue to see these higher lows being established. Consistent building in 2026 is what will separate the leaders from the rest of the L1 landscape.