Technical Structure Breakdown
@Plasma , $XPL , and #plasma Technically, XPL/USDT appears to be transitioning from a micro uptrend into a range-bound structure. After forming a higher high, price failed to continue upward and started creating lower highs, signaling weakening bullish momentum.
The MA(7) is beginning to curve downward while MA(25) remains mostly flat. This combination often points to a short-term pullback rather than a full trend reversal. As long as price holds above the MA(99), the larger structure remains relatively stable.
Wick formations on recent candles indicate ongoing volatility, but with no clear directional dominance. This type of market environment often traps impatient traders who enter without confirmation.
Experienced traders usually wait for a clean breakout with volume or a confirmed breakdown below support. Patience is often the key difference between consistent traders and emotional ones.
$XPL
{spot}(XPLUSDT)