$XPL /USDT is currently in a bearish mood, with the price trading at 0.1409 showing a -10.25% decline over the last 24 hours! Market sentiment appears bearish, as the price is below both MA(7) at 0.1416 and MA(25) at 0.1431. Immediate support is at 0.1385 (recent low), and if that breaks, the 0.1360 area could be in sight. On the upside, resistance is at 0.1431 (MA25) and then at the 0.1469 zone. Looking at the order book, the market seems balanced (50.98% bids vs 49.02% asks), but the price action is still negative. In the short term, if any recovery occurs, consider 0.1414 as the breakout level. It is a seed project and tagged with "Altcoin Festival", so expect volatility. Long-term data is limited, but seeing a -39% drop in 30 days necessitates careful trading. At this time, avoid FOMO and wait for clear signals.

#XPL #AltcoinFestival #Seed #CryptoAlert