🚨 XPL UPDATE: DIP ABSORBED, MOMENTUM TURNING BULLISH 🚨
XPL flushed hard, tagged the $0.07 zone, and bounced with intent. Now holding around $0.0845. That’s not weakness, that’s absorption. 👀
Here’s what the chart is saying: 👇
1️⃣ Strong Wick Rejection: That long wick from $0.07 shows sellers got exhausted and buyers stepped in aggressively. Classic bottom behavior.
2️⃣ Higher Lows Forming: After the bounce, price isn’t collapsing. It’s stabilizing and printing higher lows, a sign of accumulation.
3️⃣ Momentum Building: RSI recovered into strength and MACD is turning positive. Early signals usually appear before the crowd notices.
XPL
0.0892
+1.94%
This isn’t random noise.
This is structure rebuilding.
As long as XPL holds above the bounce zone, bias stays bullish.
Patience here could pay. 📈