#BinanceHODLerXPL #SECxCFTCCryptoCollab #BinanceHODLerMIRA #BinanceHODLerHEMI #DogecoinETFProgress $XPL $ETH $BNB Technical scenarios (using RSI / MA indicators) based on the current candle, and we suggest precise entry and exit points based on the data you see in your chart,
See the simplified technical analysis👇 on the movement of the currency XPL during the first hours:
1. Price and Moving Average
The price quickly rose from 0.10 → 1.0775 then dropped slightly to 0.96.
The Simple Moving Average (SMA 3) is still rising, but it has started to converge with the price → this means that the upward momentum has begun to weaken.
2. RSI Indicator
The RSI reached 100 (very strong overbought) at the peak.
Now it has dropped to around 75–80, which is still considered an overbought area → this means there could be a correction or additional drop before a new rise.
Potential Entry and Exit Signals
🔹 Entry:
If the price returns to test the support area around 0.70 – 0.80 USDT (a relatively safe area to enter).
Or if it breaks upward above the level of 1.10 USDT with strong trading volume (a signal for a new breakout).
🔹 Exit (Take Profit):
Partially at 1.20 – 1.30 USDT.
If the momentum continues and increases, the next target could be around 1.50 USDT.
🔹 Stop Loss:
Below 0.65 USDT (if this level breaks, it could drop further).
⚠️ Important Note:
The indicators now indicate that the currency is in an overbought state → it is better to wait for a corrective drop to enter instead of buying directly at 0.96.