📉 Technical Analysis – XPL/USDT (1H Chart)
The XPL/USDT pair is operating with a decrease of -8.34%, quoted at $0.2824. In the last 24 hours, the asset recorded a maximum of $0.3266 and a minimum of $0.2800, with a volume of 233.21 million in XPL and $71.07 million in USDT, reflecting strong volatility and selling pressure.
After reaching the local peak at $0.3324, the price lost strength and initiated a sharp corrective movement, breaking through the main moving averages and returning to the short-term support zone. The current candle shows an attempt to stabilize after the strong pullback, although the volume still indicates a predominance of sellers.
🔹 Moving Averages (MA):
• MA7 = $0.2890
• MA25 = $0.3040
• MA99 = $0.3035
With the price below the short and long averages, the technical scenario points to a bearish short-term trend, with the possibility of a limited technical rebound if the asset does not reclaim the $0.30 range.
🔹 Supports and Resistances:
• Support: $0.2800 and $0.2750
• Resistance: $0.2950 and $0.3050
📊 Summary:
XPL faces significant correction after recent appreciation, showing momentary fragility in the short term. If the support at $0.28 holds firm, a gradual recovery may occur. However, if this range is lost, the price may retreat to $0.27, increasing selling pressure before another attempt at reversal.
