📊 $XPL TECHNICAL ANALYSIS - CONSOLIDATION PHASE 📊

Current Price: $0.1307 (+2.51%)

🔍 Chart Breakdown:

Strong Rally Phase (Jan 19):

‱ Explosive move from $0.1282 to $0.1364 high

‱ Clean breakout with conviction

‱ Volume supporting the move (76.93M XPL)

Current Situation:

‱ Healthy consolidation after the pump

‱ Trading above support at $0.1260

‱ Forming a tight range between $0.13-$0.1364

‱ Lower volume (10.10M USDT) = accumulation phase

📉 Key Levels:

Resistance: $0.1364 (24h high - needs to reclaim)

Support: $0.1260-$0.1282 zone (strong base)

Current: $0.1307 (middle of range)

💡 What's Next:

Bullish Scenario:

If @Plasma breaks above $0.1364 with volume, we could see continuation toward $0.15+ and potentially retest the $0.17-$0.27 range from earlier charts.

Bearish Scenario:

Loss of $0.1260 support could lead to a retest of lower levels around $0.12 before another attempt.

⚡ Trading Strategy:

This consolidation is healthy after such a strong move. Watch for:

✅ Volume increase on breakout attempts

✅ Higher lows formation = bullish continuation

✅ Break and hold above $0.1364 = entry signal

The structure remains bullish as long as we hold above $0.1260! Patience pays in these consolidation zones. 💎🙌

#XPL #Plasma

NFA - DYOR

$XPL

XPLBSC
XPL
0.1032
-3.91%