$XPL is moving upward mainly because of a short-term technical bounce, not because of any major project news. The price dropped to a strong support zone around 0.080–0.081, where buyers stepped in and stopped the fall. At the same time, the price touched the lower Bollinger Band, which often triggers a rebound as traders expect the price to return toward the average. Increased buying volume and short-term traders closing their sell positions also helped push the price back up toward 0.082–0.083.
However, this upward move does not mean the trend has fully reversed. On higher time frames, is still in a downtrend, with heavy losses over the past weeks and months. This looks more like a relief bounce or pullback within a bearish trend. Strong resistance lies around 0.084–0.086; if the price fails there, it may drop again. Only a clean break and hold above that resistance with strong volume would suggest a more sustained upward move.is moving upward mainly because of a short-term technical bounce, not because of any major project news. The price dropped to a strong support zone around 0.080–0.081, where buyers stepped in and stopped the fall. At the same time, the price touched the lower Bollinger Band, which often triggers a rebound as traders expect the price to return toward the average. Increased buying volume and short-term traders closing their sell positions also helped push the price back up toward 0.082–0.083.
However, this upward move does not mean the trend has fully reversed. On higher time frames, $XPL is still in a downtrend, with heavy losses over the past weeks and months. This looks more like a relief bounce or pullback within a bearish trend. Strong resistance lies around 0.084–0.086; if the price fails there, it may drop again. Only a clean break and hold above that resistance with strong volume would suggest a more sustained upward move.@Plasma $XPL #plasma
