#plasma $XPL

XPLUSDT Bearish Chart Analysis

XPLUSDT is currently showing strong bearish momentum across multiple timeframes. Price has broken below a key support zone, confirming downside pressure from sellers. The structure is forming lower highs and lower lows, which signals a continuing downtrend.

The 50 EMA is trending below the 200 EMA, indicating a bearish crossover and weak market sentiment. Volume spikes on red candles suggest aggressive selling activity. RSI is hovering near the oversold region but still lacks bullish divergence, meaning further downside is possible.

If price fails to reclaim the previous support (now resistance), we could see another leg down toward the next demand zone. Traders should watch for fake breakouts and manage risk carefully.