$XPL is showing strong short term momentum but it’s now testing an important resistance zone around $0.10.
Price is trading around $0.1001 and has reclaimed the MA200 while staying above the MA7 and MA30. The MA7 has also crossed back above the MA30 which supports the short term bullish structure.
RSI is around 59 and MACD has turned positive, so momentum is improving. But there’s one thing I’m watching closely: volume.
The recent move is strong but volume is still much lower than the spike we saw around the August 20 high. That makes this look more like a range recovery than a confirmed breakout for now.
Key levels:
Resistance: $0.100–$0.105
Major resistance: $0.1116
Support: $0.093–$0.094
Next support: $0.086–$0.088
Major range support: $0.072
A daily close above $0.105 with strong volume could open the way toward $0.1116.
If price gets rejected here a pullback toward $0.093–$0.095 would not be surprising.
For now I’m watching how XPL reacts around $0.10 rather than chasing the move after a 15% daily rally.
Technical analysis only. Not financial advice.
Price is trading around $0.1001 and has reclaimed the MA200 while staying above the MA7 and MA30. The MA7 has also crossed back above the MA30 which supports the short term bullish structure.
RSI is around 59 and MACD has turned positive, so momentum is improving. But there’s one thing I’m watching closely: volume.
The recent move is strong but volume is still much lower than the spike we saw around the August 20 high. That makes this look more like a range recovery than a confirmed breakout for now.
Key levels:
Resistance: $0.100–$0.105
Major resistance: $0.1116
Support: $0.093–$0.094
Next support: $0.086–$0.088
Major range support: $0.072
A daily close above $0.105 with strong volume could open the way toward $0.1116.
If price gets rejected here a pullback toward $0.093–$0.095 would not be surprising.
For now I’m watching how XPL reacts around $0.10 rather than chasing the move after a 15% daily rally.
Technical analysis only. Not financial advice.
