The analysis of the XPL/USDT chart shows the formation of a bullish structure after the accumulation phase has completed.
Critical price zones:
· Support: $3.20-3.50 (institutional interest zone)
· Strong support: $2.80-3.00 (key level for bulls)
· Resistance: $4.20-4.50 (nearest breakout target)
· Key resistance: $5.50-6.00 (historical highs)
Technical indicators:
· RSI: 68 (healthy bullish momentum)
· Volume Profile: Volume concentration in the zone $3.00-3.80
· Ichimoku Cloud: Price is above the cloud on all timeframes
The technical picture suggests a high probability of testing the upper resistance levels.