Is
$XPL is Building Real Momentum, or Is This a False Breakout?
$XPL is showing renewed energy on Gate.io, currently trading at $0.1472—up about 9.43% in the last 24 hours. After bouncing hard off the $0.1152 bottom (you can see where it stopped falling and started climbing back), the coin is attempting a recovery.
Here's what the chart is telling us:
Looking at the 12-hour view,
$XPL spent weeks in a downward slide from mid-October through early December, dropping from around $0.36 all the way down to $0.1152. That low point became our support floor—the level buyers finally stepped in to defe