XPL is down 7.19% over the past 24 hours, currently at 0.0746. It fluctuated between 0.0690 and 0.0864 intraday, making its decline particularly notable on the day's leaderboard.
The funding rate is -0.01%, with $10.5M in open interest. Bearish sentiment still prevails, and there are no clear signs that selling pressure is easing.
Watch two levels next: whether 0.0690 below can hold—if not, the weakness may continue. Above, the first level to watch is 0.0864; reclaiming it would be an early sign that the decline has stabilized.
$XPL #Market Analysis
The funding rate is -0.01%, with $10.5M in open interest. Bearish sentiment still prevails, and there are no clear signs that selling pressure is easing.
Watch two levels next: whether 0.0690 below can hold—if not, the weakness may continue. Above, the first level to watch is 0.0864; reclaiming it would be an early sign that the decline has stabilized.
$XPL #Market Analysis