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@Plasma , $XPL , and #plasma XPL/USDT is currently trading around the 0.1276 level, showing mild bullish strength after a short-term pullback. On the 5-minute timeframe, price recently rebounded from the intraday low near 0.1268, indicating buyers are actively defending this support zone. This level has acted as a demand area multiple times, making it an important short-term support.
The recent high around 0.1289 remains a key resistance. Price failed to hold above this level earlier, which suggests that sellers are still present near the upper range. However, the structure is gradually forming higher lows, hinting at a potential continuation move if volume increases.
Volume analysis shows a moderate spike during the rebound, which supports the idea that buyers stepped in aggressively near support. The moving averages (MA 5 and MA 10) are starting to curl upward, suggesting short-term momentum may shift bullish if price sustains above 0.1275.
If XPL/USDT holds above 0.1270, a retest of 0.1285–0.1290 is possible in the near term. A clean breakout above 0.1290 with strong volume could open the door for a push toward the 0.1310 zone. On the downside, failure to maintain 0.1270 may result in another drop toward 0.1265 or even 0.1258.
Overall, the market is in a consolidation phase with slight bullish bias. Traders should wait for confirmation, as false breakouts are common in low-volume conditions. Proper risk management remains essential.
$XPL
{spot}(XPLUSDT)