【Look Down】
XPL is currently reported at 0.0793; down 4.68% over the past 24 hours; still down 16.24% over the past 7 days; intraday range 0.0784–0.0846.
For XPL, the intraday range is 0.0784–0.0846; the rebound lacks volume, and the 7-day line is still closing bearish.
A single-day rebound hasn’t turned around the weak situation of the weekly trend; selling pressure continues to be released.
Bearish in the short term.
【Reasons for Bearish Outlook】
Given the 7-day weekly background of -16.24%, a small single-day green candle can only be seen as a weak rebound.
Once 0.0784 is lost, it will continue downward to find support.
$XPL #XPL
XPL is currently reported at 0.0793; down 4.68% over the past 24 hours; still down 16.24% over the past 7 days; intraday range 0.0784–0.0846.
For XPL, the intraday range is 0.0784–0.0846; the rebound lacks volume, and the 7-day line is still closing bearish.
A single-day rebound hasn’t turned around the weak situation of the weekly trend; selling pressure continues to be released.
Bearish in the short term.
【Reasons for Bearish Outlook】
Given the 7-day weekly background of -16.24%, a small single-day green candle can only be seen as a weak rebound.
Once 0.0784 is lost, it will continue downward to find support.
$XPL #XPL
