$XPL USDT Perp on Binance is attempting a recovery bounce as price trades near 0.1280 after rejecting from the 0.1334 high and sweeping liquidity down to the 0.1214 low where buyers stepped in aggressively, MA7 at 0.1278 is supporting price while MA25 at 0.1288 remains the immediate resistance and MA99 at 0.1274 is acting as a short term base, volume is strong with heavy participation signaling active positioning, this move looks like a relief bounce within a broader pullback and a clean reclaim above 0.129 can fuel upside continuation while losing 0.127 risks another sharp dip.

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