#plasma $XPL @Plasma 🌏🧠

XPL successfully defends support at 0.1419 👏

Technical bounce with increased volume, but still without confirmation of trend; its long moving averages continue to act as resistance.

Market in a compression phase, awaiting directional breakout.

What would be a key, a sustained volume to validate the next movement.

XPL/USDC attempts reconstruction after defending 0.1419 with a technical bounce with volume, but still without structural breakout.

Price testing MA(25) and MA(99) present as dynamic resistances, with bearish bias that is weakening, but there is still no bullish confirmation.

Key range: 0.1415 – 0.1480

Let’s stay alert as the breakout of the range will define the next directional phase. Success to all.