XPL ($XPL )
A short liquidation of $5.6763K hit $XPL at $0.1036, meaning bears were squeezed as price moved higher. Short liquidations often fuel bullish continuation as forced buying adds upward momentum.
Current Structure: Strong upward impulse after shorts were liquidated.
Support Levels:
Primary Support: $0.0950
Secondary Support: $0.0880
Resistance Levels:
Immediate Resistance: $0.1100
Major Resistance: $0.1250
Targets:
Bullish Target: $0.1250 if $0.1100 breaks with strength
Bearish Pullback Target: $0.0950 if momentum slows
Outlook: $XPL shows bullish momentum after the short squeeze. Holding above $0.0950 keeps bulls in control, with upside potential toward $0.1250.
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