When an asset completes a cycle of euphoria, capitulation, and stabilization, the most important thing is not the past… but how the price begins to behave in silence. That is exactly what $XPL is showing today: clean structure, seller exhaustion, and a range that is transforming into accumulation.
The daily chart reveals a key point: after the collapse that brought the price to 0.2218, XPL has been strongly defending that area, forming a clear floor where the supply loses power and buyers start to regain space. The current candle around 0.2310 leaves a clear reading: the market is absorbing every decline without deepening it, a typical signal of institutional accumulation.
The Bollinger Bands are extremely compressed, indicating that the asset is entering a phase of low volatility before a strong movement. The price remains close to the lower band but without decisively breaking it, which indicates that bearish pressure is weakening. The RSI at 30 shows structural overselling, but the interesting thing is that it is starting to turn upwards, anticipating a technical rebound. At the same time, the MACD is about to cross upwards, showing a total decrease in bearish momentum and preparing for a trend reversal.
In the short term, the immediate resistance is at 0.26 – 0.28, where the candle structure shows previous reaction. Overcoming that range with a solid candle would pave the way towards 0.32 – 0.36, a level that coincides with the Bollinger base mean and the nearest liquidity zone. If the asset manages to close above 0.36, the projection expands towards 0.42 – 0.50 in a range of weeks.
The key support remains at 0.22, a level whose loss would invalidate the bullish intent; however, the current structure indicates firm protection and absorption every time the price touches that level.
This stage is typical of an intelligent market: few pay attention because the price is 'boring', but those who understand compression phases know that these are the moments where significant movements are born. Plasma has demonstrated the ability to react after strong declines, and the current structure once again confirms that the pressure cycle is ending.
XPL is not falling... it is breathing before the next movement.
