$XPL shows signs of a short-term rebound amidst strong buying pressure, but faces historical supply challenges; key factors include:
1. Technicals: XPL's price increased by 8.88%, showing short-term bullish momentum despite overbought RSI.
2. Market Dynamics: Significant inflows and short liquidations indicate renewed buying interest and potential for upward movement.
3. Supply Concerns: Historical price declines and ongoing token unlocks raise concerns about sustained supply pressure.
