From this XPLUS/USDT market chart, the following core information can be observed:

1. Price Trend:

◦ Latest price $0.1612, with a daily decline of 1.65%. Compared to the historical high (visible in the chart at 1.6917), there has been a significant decline, with a 7-day drop of 6.69%, 30-day drop of 76.99%, and a 90-day drop of 95.05%, showing a continuous downward trend.

◦ MA7 ($0.1584), MA25 ($0.1980), and MA99 ($0.4847) are all above the current price, indicating a bearish arrangement in the short-term, medium-term, and long-term moving averages, with a technical bias towards bearishness.

2. Indicator Signals:

◦ In the MACD indicator, DIF (-0.0277) is below DEA (-0.0398). Although the MACD value is positive (0.0031), it remains in a weak range overall, lacking significant rebound momentum.

◦ 24h trading volume 67,281,600 USDT, with no significant increase in volume and no signs of capital entering the market.

3. Order Book:

◦ Sell orders are concentrated in the $0.1612-$0.1613 range, with relatively weak buying support, leading to significant resistance for short-term price increases.

Risk Warning: The price of cryptocurrencies is highly volatile, and this coin shows a long-term downward trend. Investing in such assets requires caution due to the risk of substantial principal loss. It is advisable to make decisions based on your own risk tolerance.

#XPL