$XPL PL Preparing for Another Breakout?
The recent price action of XPL/USDC on the 4-hour chart shows a gradual shift from a downtrend to a short-term bullish structure. After finding support around $0.0905, the market started forming higher lows and stronger bullish candles, suggesting that buyers are slowly gaining control.
Currently, the price is trading near $0.107, after touching the $0.1098 resistance level. This area appears to be a short-term rejection zone where some profit-taking occurred.
From a technical perspective, MA(7) has moved above MA(25) and the price is trading above MA(99). This structure often reflects improving momentum and stronger buyer activity in the short term.
However, after a strong upward move, markets sometimes enter short consolidation phases before deciding the next direction.
Key levels to watch:
🔹 Support: $0.103 $0.105
🔹 Stronger support: $0.099
🔹 Resistance: $0.110
🔹 Next possible target if breakout happens: $0.115 $0.120
If buyers manage to push the price above $0.110 with strong volume, the market could attempt another upward move.
On the other hand, if selling pressure increases, the price may retest the $0.103 support zone before the next trend decision.
Overall, the current structure slightly favors bullish continuation, but confirmation usually comes after a clean breakout above resistance.
Not financial advice
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