XPL Attempts Breakout After Support Bounce
@Plasma , $XPL and #plasma
XPL/USDT has staged a noticeable rebound from the recent low near 0.1272 and climbed steadily toward the 0.1305 resistance area. This rally came with visible growth in trading volume, showing increased market participation from buyers. On the 5-minute timeframe, price is holding above important moving averages, which often supports bullish continuation. However, the long upper wick near 0.1305 suggests profit-taking and selling pressure at higher levels. For continuation, the market must remain above the 0.129 support zone and avoid falling back into the prior range. If this level holds, another push toward the recent high is possible. If it fails, price may return toward mid-range support. The current setup offers opportunities for short-term traders, but caution is needed due to nearby resistance and fast-moving price action.
$XPL
{spot}(XPLUSDT)