$XPL Testing Major Resistance ... Breakout or Another Rejection?
XPL has recovered strongly from the $0.060 area and pushed all the way to $0.096, but the $0.10 zone continues to act as a strong resistance level.
So far, multiple attempts to move higher have been rejected, showing that sellers are still defending this area. However, the price is also holding well above previous support levels, keeping the structure stable.
What the chart is showing:
Multiple rejections near $0.10 resistance
Consolidation below a key breakout level
Strong recovery from $0.060 lows
$0.078 remains an important support zone
Market waiting for a decisive move
A clean break above $0.10 could open the door for the next leg higher. Until then, traders should watch how price reacts between resistance at $0.10 and support around $0.078.
