The current price is approximately ≈ 1.38 USD according to sources like CoinGecko and CryptoRank.
The trading volume in the last 24 hours is very large, indicating significant activity in liquidity.
The circulating supply is around 1.8 billion XPL out of a total of 10 billion.
The highest price recently recorded is close to 1.43 USD.
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Quick technical analysis (in a minute – quick notes)
Since I am using public data (not a direct trading platform), here are some quick notes:
1. Current price momentum The price is moving rapidly upwards; under this momentum, there may be a corrective reaction or partial correction (temporary pullback) before continuing.
2. Nearby resistance and support
Potential resistance at ~ 1.43 USD (last ceiling).
Immediate support may be at ~ 1.20-1.30 USD if the price experiences pullbacks.
3. Potential technical indicators
If the RSI indicator is close to overbought, it may indicate the possibility of a temporary pullback.
Monitoring trading volume is important: if high volume continues with rising prices, this gives strength to the movement; however, if the volume decreases with the rise, it may be a warning.
4. Risks and alerts
Significant volatility is possible due to the nature of digital assets.
Any sudden news about the project or regulation can significantly affect the price.
Make sure to keep an eye on resistance levels and the fundamental factors of the project (updates, partnerships, project budget).
First: Never buy a currency when it is on the rise no matter what the temptations are And do not buy the currency when it is falling and think it has reached the bottom ever because it can drop more and more …. Except in two cases only: The first: If you see a rebound in the indicator upwards and the rise continues longer, then buy and monitor the rise until it reaches a small profit, for example, a dollar here, set a stop-loss and take-profit level with a reasonable expected profit equal to previous indicators and stay away from greed.
If you are greedy for more, set a stop-loss and let it rise And keep raising the stop-loss whenever it rises
The second: If you see the indicator has reached the bottom, then refer back to the previous indicator for the currency and see how many times in the past month the indicator has reached the bottom and whether the current bottom is the lowest, then know that the indicator is likely to rebound and rise, in addition to watching the three indicators orange and purple, if you see them starting to curve and rise especially the orange is above the purple, then that indicates a rise.
Wait a little to see the upward rebound, wait and watch the rebound rise then rise here, enter and buy the currency.
The image shows a grave mistake made by beginners when they see a drop in the currency and they do not have a stop-loss activated, they immediately sell, and this is wrong; the correct thing is not to sell until you profit, wait, let the indicator rebound and rise.
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