Hi Friends 👋: 💎 Let’s take a quick look at the XPL/USDT 4-hour chart. I m seeing 👁️ some very interesting price action that you should keep on your radar! 🔍
The Current Setup:
$XPL has been trading inside a downward channel and following a strict descending resistance line (the red line) for the past few weeks. After hitting a high of $0.2143, the price took a breather, but it seems to be finding its feet again! ✨
Key Levels to Watch:
👉🛡️ Solid Support: The price recently bounced perfectly off the $0.1138 level (green line). This area is acting as a strong floor for the bulls.
👉📉 The Resistance: We are currently battling the diagonal resistance. A clean break above this line could trigger a fast move upward!
👉🎯 Target Zone: If we flip the current resistance into support, the next major stop is the $0.1530 - $0.1750 range
The Bottom Line:
Price is currently hovering around $0.1287. I m seeing some consolidation right at the breakout point. If the volume kicks in, we could see a nice "pump" toward the upper levels! 🚀
Strategy: Watch for a 4H candle close above the red trendline for confirmation. 🕯️
Are you bullish on XPL? Let me know your thoughts in the comments! 👇
