#plasma $XPL @Plasma 📉 Short-term technical situation – Today

1) General trend 📊

• XPL is trading below important moving averages such as the 7-day and 30-day SMA → a bearish signal (downtrend) in the short term.

• RSI ~38.7 is near the oversold zone, but there is no clear reversal signal yet.

• The negative MACD histogram confirms that the downward momentum still prevails.

👉 In summary: the current chart still leans towards a prolonged downward/sideways trend, with no clear upward reversal yet.

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📌 Important technical levels

📍 Major support:

• Zone ~$0.115 – $0.112 — recent bottom, acting as short-term support.

• If this zone is broken, the likelihood of continuing to move deeper is “quite high.”

📍 Major resistance:

• ~$0.127 – $0.130 — recent MA/swing top zone. If surpassed, it will be the first sign of short-term recovery.

• Further: ~$0.30 – a strong level previously where the price has been rejected multiple times when trying to recover.

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📈 Indicators & momentum

💡 RSI / Momentum

• RSI is below neutral (~40) → a sign that sellers are still in control, but there is also potential for recovery if selling pressure decreases.

• No “bullish” MACD crossover yet → confirming that buying strength is not strong.

📊 Volume & volatility

• Trading volume is maintained at a moderate level, not spiking → the market does not have a significant breakout.

• Volatility is higher than normal → strong price fluctuations may occur in the short term, but the direction is unclear.