$XPL – 4H Chart Analysis
$XPL is trading around $0.1436, down nearly -5.6%, showing strong weakness after a prolonged sell-off.
Price Action • Intraday High: $0.1590
• Intraday Low: $0.1413
• Major rejection came from the $0.21 swing high
• Price just printed a fresh local low near $0.14
What’s Driving the Move • Continuous lower highs and lower lows confirm selling dominance
• Heavy distribution after the spike toward $0.21
• Volume remains high, but mostly on red candles
• Buyers are hesitant, momentum favors bears
Key Levels • Support: $0.141, then $0.138
• Resistance: $0.153, then $0.168
Trend & Bias • Short-term trend: Strongly bearish
• No confirmed reversal structure yet
Trade Idea • If price reclaims $0.153 with volume, a relief bounce toward $0.168 is possible
• If $0.141 breaks, downside risk opens toward $0.138 and lower
Summary $XPL remains under heavy pressure after failing to hold higher levels. Bulls need a strong reclaim above resistance to shift momentum. Until then, this is a high-risk zone and best treated with caution.
