🧠 XPL Market Breakdown — Bear Fatigue or Just the Calm Before a Bounce?

XPL has been under pressure for weeks — sliding from its highs and now trading around $0.30.

But here’s the catch: beneath the weakness, early signs of momentum exhaustion are quietly forming. ⚙

📉 Price Action:

Currently around $0.297 – $0.30

Down ~3–4% in the last 24h, ~18% over the week

Market Cap: ~$540M — still showing strong on-chain presence

đŸ§© Technical Picture:

The token sits near its recent support zone ($0.28–$0.30) — where buyers have previously defended.

Momentum is flattening, suggesting selling pressure is losing intensity.

Volume remains steady, pointing to quiet accumulation rather than panic exits.

A clean move above $0.32–$0.33 could flip sentiment fast.

⚠ Key Levels to Watch:

Support: $0.28 – $0.30

Resistance: $0.32 – $0.33

Breakout Zone: $0.33+ with strong volume confirmation

🧭 Market Bias:

Currently bearish to neutral, but approaching a potential base formation zone.

Patience is key — wait for confirmation before chasing any rebound.

📊 Macro Angle:

BTC dominance remains firm near highs; if it stalls, mid-cap alts like XPL may see rotation inflows.

USDT dominance approaching exhaustion — rejection near 5.2%–5.3% could trigger short-term altcoin recovery waves.

💬 Mindset:

> “Exhaustion always feels like silence — until the next impulse breaks it.”

📌 Summary:

Trend → Bearish but weakening

Momentum → Stabilizing

Structure → Base forming

Strategy → Watch for breakout above $0.33

⚠ Not financial advice. Always DYOR before making any move.

#Plasma @Plasma $XPL