#XPL
Today's report about #XPL
Report:
Current Status: XPL is trading around the $0.18 - $0.19 range, having dropped over 23% in the last week and over 80% from its All-Time High.
Major Headwind: The market is still digesting the recent 88.88M XPL token unlock (approx. 4.74% of circulating supply on Nov 25th), which has added significant selling pressure and heightened dilution fears.
Technical Breakdown: The price has broken below a critical $0.214 pivot point and is struggling to hold, triggering stop losses and confirming a short-term bearish technical bias.
On-Chain: DEX volume on the Plasma network has dropped significantly, indicating fading short-term demand and weak liquidity, magnifying the impact of the supply unlock.
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