The $XPL token has experienced significant volatility shortly after its listing. This kind of price behavior is very common with newly listed or low-market-cap assets, where early buyers take profits and liquidity is still forming. The chart shows a sharp spike to the upside, followed by a strong correction that brought the price down into the 0.07–0.08 USDT range.
This rapid drop does not always mean the project is weak. In many cases, early investors or airdrop recipients sell quickly to lock in profits, which creates heavy selling pressure. Once this initial phase ends, the market usually begins to stabilize and form a base before the next major move.
At the moment, the 0.07 USDT area is acting as a short-term support zone. If buyers continue to defend this level, the price could move into a consolidation phase or attempt a recovery toward the 0.10–0.12 USDT resistance range. However, if the support breaks, the token may experience further downside before finding a stronger demand zone.
Volume has also decreased after the initial spike and sell-off. This indicates that the market is cooling down and waiting for a new catalyst, such as project updates, partnerships, or increased trading interest. A rise in volume along with higher lows would be an early sign of potential recovery.
For now, the trend remains short-term bearish, but stabilization around current levels could create opportunities for traders. As always, it is important to manage risk carefully, especially when trading newly listed tokens that tend to have high volatility. @Plasma #plasma #XPL
