Based on the daily chart shown in the screenshot,
$XPL /USDT remains in a clear and dominant bearish trend, despite a small short-term bounce. The current price is trading around 0.0826, which is significantly below all key moving averages, with MA(7) near 0.0916, MA(25) around 0.1201, and MA(99) near 0.1768. This wide separation between price and moving averages highlights strong downside momentum and confirms that sellers are still in control of the broader market structure. Historically, the chart shows a major rejection from the 0.21–0.22 zone, after which
$XPL entered a prolonged decline marked by consistent lower highs and lower lows, a classic definition of a sustained downtrend. Even recent green candles appear weak and corrective rather than impulsive, suggesting they are likely relief bounces instead of the beginning of a trend reversal. Volume has increased slightly near the recent lows, which can sometimes indicate early accumulation, but at this stage it is not strong enough to confirm institutional buying or a solid base formation. The price recently tested the 0.0700 support area, which acted as a short-term floor and triggered a mild rebound; however, this level remains fragile and could be retested if broader market sentiment turns negative again. For any meaningful bullish confirmation, XPL must first reclaim 0.095–0.10, then break above the 0.12 resistance zone, where the MA(25) is currently acting as a dynamic resistance. Without a decisive close above these levels, upside moves are likely to face selling pressure. Momentum indicators implied by price action suggest weakness, as buyers have repeatedly failed to sustain rallies, and each recovery attempt has been followed by renewed selling. From a risk perspective, traders should remain cautious, as catching falling knives in strong downtrends can lead to further losses. Long-term investors may wait for clear signs of trend reversal, such as a higher low formation, moving average crossover, or strong volume expansion on bullish candles. Until then, the overall technical outlook for XPL remains bearish to neutral, with price action favoring consolidation or further downside rather than an immediate recovery. In summary, while the current bounce offers short-term relief, the chart structure strongly suggests that XPL is still in a distribution and accumulation transition phase, and patience is required before expecting any sustainable upside 📉📊⚠️.
@XPL #XPL #XPLA’s #xplachain #XPLA’s