$0.0718 $XPL, down 13.25% today.
This is selling.
$26.14M volume is 3.5x the 20d average, while the 4h candle is down 11.7%. That’s not quiet weakness. RSI at 39, price below both the 20d and 50d MA, and longs still paying funding at 0.005% tells me the bounce crowd is early. $SOL isn’t showing this same level of damage.
At $0.0700, I’d wait for a reclaim, not catch the knife. 🩸📉
#XPL #Web3
This is selling.
$26.14M volume is 3.5x the 20d average, while the 4h candle is down 11.7%. That’s not quiet weakness. RSI at 39, price below both the 20d and 50d MA, and longs still paying funding at 0.005% tells me the bounce crowd is early. $SOL isn’t showing this same level of damage.
At $0.0700, I’d wait for a reclaim, not catch the knife. 🩸📉
#XPL #Web3