🚀
$XPL Signal: Potential Bottom Formation? Buyers Stepping In 🟢
$XPL / USDT (Spot/Futures)
Direction: 🐂 LONG
Risk: Medium/High (Catching a bottom)
After retracing significantly from its ATH, Plasma (
$XPL ) has found strong demand in the $0.11 - $0.12 region. With selling pressure from early unlocks reducing and new integrations (NEAR/Yield farming), we are looking for a rotation back to the range high.
🎯 Entry Zone:
$0.125 - $0.135 (Accumulate near support)
🛑 Stop Loss:
$0.110 (Hard stop below the recent All-Time Low)
🚀 Take Profit Targets:
$0.155 (Immediate resistance / 20-day EMA)
$0.180 (Previous breakdown level)
$0.220 (Swing High)
📊 Technical Logic:
Support: Price rejected lower lows at $0.115, forming a potential "Double Bottom."
RSI: bullish divergence appearing on the 4H chart.
Fundamentals: Emissions have reduced by ~80%, lowering sell pressure.
#XPL #PlasmaNetwork #CryptoGems #BinanceSquare #altcoinseason $XPL