Market Analysis of XPL/USDT:
It is clearly in a sustained downtrend, price is currently hovering near a key horizontal support zone around 0.1300–0.1290, which aligns with the recent swing low at approximately 0.1304.
This level is acting as short-term support, and a clean breakdown below it could open the door toward the next support near 0.1250, which is a psychological and historical demand area. If bearish momentum accelerates, deeper support may come in around 0.1180–0.1200, where buyers could attempt a more meaningful defense.
Overall, as long as XPL remains below 0.1440, the bias stays bearish, with rallies likely to face selling pressure at resistance.
A short-term bounce from the 0.1300 support is possible, but trend reversal would only be considered if price can hold above the mid-range resistance and start forming higher highs and higher lows.
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