XPL/USDT is currently trading near the 0.1250 level after forming a short-term bottom around 0.1241. On the 5-minute timeframe, price action shows a small recovery with tighter candles, indicating reduced selling pressure. The market previously dropped sharply from the 0.1275 area, but buyers quickly stepped in near support. This suggests that the 0.1240–0.1250 zone is acting as a demand area.
Short-term moving averages are starting to flatten, which may signal a potential shift from bearish momentum into consolidation. Volume has also decreased compared to the sell-off phase, hinting at seller exhaustion. A break above 0.1275 could open the door for a move toward 0.1300. However, if support fails, price may revisit lower levels. Traders should wait for confirmation before entering and manage risk carefully.
