$XPL XPL Faces Heavy Selling Pressure as Market Sentiment Turns Negative
The XPL market is currently characterized by significant selling pressure, indicating that a substantial number of holders are moving their tokens to exchanges or executing sell orders at the current price levels. This is often reflected in the order book as a large cluster of sell orders (a "sell wall") that suppresses upward price movement and creates strong resistance. For a token like XPL, this typically signals waning confidence and a potential shift toward a bearish phase, as sellers overwhelm buyers. If this supply overhang persists and is not absorbed by new buying volume, it increases the likelihood of continued price consolidation or a breakdown to lower support levels as the market seeks a new equilibrium between sellers and buyers.$PIPPIN $POWER
