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XPL / TetherUS PERPETUAL CONTRACT

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XPL Eyes $1.22 as VWAP Reclaim Signals Short Squeeze PotentialXPL has printed a rounding-bottom formation while reclaiming both the VWAP and value area high. This setup strengthens the bullish case for a short-squeeze-driven move toward $1.22 resistance. After an extended consolidation period, XPL is showing signs of structural reversal. The recovery in price action is supported by a reclaim of crucial volume metrics, indicating renewed buyer participation. As technical confidence grows, the asset’s structure mirrors the characteristics of a typical short-squeeze setup. Key Technical Points - Support Zone: VWAP reclaim and value area high confirming structural shift. - Resistance Target: $1.22 aligns with 0.76 Fibonacci retracement. - Market Behavior: Rounded-bottom pattern suggests potential breakout momentum. Main AnalysisThe recent reclaim of VWAP marks a significant change in short-term sentiment. Previously acting as dynamic resistance, VWAP is now turning into a support base, hinting at growing control by buyers. Additionally, price action has moved above the value area high, which often signals the beginning of a markup phase following accumulation. The next major hurdle sits at $1.22 — a level coinciding with the 0.76 Fibonacci retracement from the previous impulse leg. A close above this resistance could activate the short-squeeze scenario as short positions are forced to cover, amplifying volatility to the upside. Momentum oscillators support the bullish outlook, with RSI maintaining an uptrend and volume spikes confirming accumulation pressure. What to Expect in the Coming Price Action If XPL sustains closes above the VWAP and value area high, expect acceleration toward $1.22 resistance and potential continuation beyond if volume continues to expand. The structure remains bullish as long as VWAP holds as dynamic support on closing basis.
Long
by The_Alchemist_Trader_
$XPL (4-hour): DOWNTREND losing steam, TRIPLE BOTTOM inAMEX:XPL kicked me in my teeth this week if I'm honest, I had a long with a wider-than-usual margin for error, and still got stopped out. In hindsight, that was not a good entry at all, the set-up was not strong enough plus I rarely trade new coins, and for a reason, as it turned out. Oh well, we all pay tuition fees to the market gods, and that was an example. Anyways, the 4-hour chart is starting to shift from bearish to neutral-bullish. A few key developments: 1) TRIPLE BOTTOM pattern. Self-explanatory. The neckline sits at $1.04, so that's where a breakout to the upside could start, targetting $1.25 for starters. 2) SELLING VOLUMES declining on each sell-off. It just means that the sellers are getting exhausted. 3) RSI bullish divergence persisting. Price has been making equal lows (hence the TRIPLE TOP) and lower highs (creating a bearish DESCENDING TRIANGLE), but RSI has been in a subtle UPTREND. So, my strategy for the week ahead is simple: Wait for a BULLISH market structure change (higher high above the triple bottom neckline, followed by a retest of that level to print a lower low). We definitely need to see green volume candles getting bigger from tommorow on. This is necessary in order to avoid entering into a FAKE-OUT. This is on my watchlist and I will update when sth important happens. Liquidations HEATMAP suggests we could have a final drop to grab liquidity just below (80c - 82c) before a take-off. Closing a few candles below the TRIPLE BOTTOM would be a very bearish sign. 💙👽 #Plasma #XPL
by ColdBloodedCharter
XPL / USDT Analysis XPL/USDT Analysis (4H) A descending wedge pattern is forming here — typically a bullish reversal setup. Price has been consolidating tightly and is now testing the breakout zone around 0.87 USDT. If the breakout confirms with volume, the potential upside target sits around 1.09 USDT, representing roughly a +22% move from current levels. Key levels to watch: Support: 0.84 – 0.86 Breakout Confirmation: Above 0.88 Target Zone: 1.05 – 1.10 Momentum is building — a clean breakout could trigger a short-term rally. 📈 Watch for confirmation before entering.
Long
by InnerCircleIDN
$XPL (1-hour chart): LONG $1.21 getting MESSY, spot BUYS doneAMEX:XPL #plasma and just look at the attached LIQUIDATIONS heatmaps. A lot of reasons for the market maker to bounce off these lows and start eating into the liquidity between $1.25 and $1.35 next. My long position is bloody, I was prepared for the volatility, hence the wider-than-usual STOP LOSS ($0.935). My spot orders finally triggered and that I consider a good purchase for Q4. Average buy $1.05. As far as the HOURLY chart, obviously a DOWNTREND and RSI got oversold during the correction (as low as 27), now we should see buyers stepping in once the US session opens. This coin should be appealing to institutional money and I just posted about the #ETFs 1 billion $ inflows yesterday. In a nutshell, we should see a strong surge as soon as CRYPTOCAP:BTC.D shows some weakness. Be prepared👽💙
Long
by ColdBloodedCharter
$XPL: I'm LONGING $1.21 after RISING WEDGE target HITLast nite when CRYPTOCAP:XPL was trading at $1.46 I gave a warning about an active RISING WEDGE breakdown going on and it's just hit its $1.18 target. It also found support right at the TRIANGLE (broken out of which was followed by the ATH) upper trendline. RSI is also flashing a BULL divergence (no new RSI low while price has made a lower low, to put it simply). So, I still have orders between $1 and $1.1 waiting but I'm also tempted to open a long position. I will risk: LONG: $1.21 STOP LOSS: $0.935 TAKE PROFITS: $1.425 / $1.69 / $1.99 You do you, this is quite risky due to CRYPTOCAP:BTC dominance being on WAVE 5, hopefully I will be able to pull up the STOP LOSS higher soon as it is a wide one, so a LOSS would be painful💙👽
Long
by ColdBloodedCharter
XPL : Trapped in a Channel, Targeting the $1.70 Top.The price is currently testing the lower boundary of this small corrective channel and is sitting just below the $1.4371 resistance. After touching the top boundary of the major Rising Channel, the price began a short-term correction, forming a smaller, diagonal Descending Channel (the shaded area). Bullish Breakout: A decisive break and close above the upper line of the small descending channel, followed by clearing the key horizontal resistance at $1.4371 TARGETS: $1.70 (Top of the major Rising Channel) 2. $1.90 (Psychological resistance) Bearish Breakdown: A break and close below the lower line of the major Rising Channel TARGETS: $1.1474 (The primary horizontal support - Green Line)
by milad-bit24
$XPL: Ready for another Leg Up?BINANCE:XPLUSDT | 1h Crypto markets are heating up this week with significant action. Plasma’s launched its mainnet beta, securing over $2B in stablecoin liquidity and key integrations, positioning it as a top contender in the stablecoin Layer-1 space. The chart shows a solid upward trend, surging to a local high of $1.69, and now consolidating around $1.50 Current resistance sits near $1.65; a rejection here could push prices toward support at $1.30–$1.40. Despite a 12.3% dip, the bullish structure remains intact. If bulls hold the $1.30–$1.40 zone, momentum could drive a breakout above $1.70. A break below $1.30 might see a retest of $1.12–$1.24 area. XPL shows strong potential with no token unlocks until next year and a leading role in the stablecoin narrative, suggesting significant upside. Will XPL shrug off this dip for another rally, or will sellers take control?
by Tealstreet
1
$XPL double TOP chart pattern with BEAR RSI divergence (15M)Okay, AMEX:XPL is finally showing first signs of losing steam after hitting a DOUBLE TOP with bearish RSI divergence (equal high on price, and lower high on RSI = weakening momentum). Support zone: $1.38 (also the DOUBLE TOP's neckline, breakdown below would target $1.15) up to $1.43 (previous rejections from this level as resistance, flipped). The double TOP doesn't mean a reversal is here, but surely works as a red flag. I will try and buy at discount prices between $1.10 and $1.15, in case of a breakdown or another Sunday nite bloodbath. No longs for me yet, but they will come💙👽
Short
by ColdBloodedCharter
XPLUSDT CHART ANALYSİSWHAT IS A CRYPTO WALLET? Cryptocurrency wallets, or simply crypto wallets, are places where traders store secure digital codes needed to interact with a blockchain. They do not actively store your cryptocurrencies despite what their name may lead you to believe. Crypto wallets need to locate the crypto associated with your address in the blockchain, which is why they must interact with it. In fact, crypto wallets are not as much a wallet as they are ledgers: They function as an owner’s identity and account on a blockchain network and provide access to transaction history.
by EngineeringRobo
Big Breakout: $XPL Bullish Strategy for Your Gains!BINANCE:XPLUSDT.P Big Breakout: AMEX:XPL Bullish Strategy for Your Gains! Trading Levels The chart indicates predefined levels for a trading strategy: Entry: 0.7310 - 0.7330 USD - The point where the trader plans to enter the market. SL (Stop Loss): 1.272 USD (0.8011) - A level to close the position at a loss, which seems high and might be a typographical error (could be 0.1272 or 0.7127, but clarification is needed). TP (Take Profit): Four exit levels for profit:TP1: 0.786 USD (0.6759) TP2: 0.618 USD (0.6326) TP3: 0.5 USD (0.6022) TP4: 0.4734 USD DCA (Dollar Cost Averaging): 1.135 USD (0.7658) - A level for cost averaging, possibly for additional purchases if the price drops. Price Analysis The price has experienced a sharp decline earlier, reaching a low of around 0.47 USD, before recovering to the entry level (0.7310). The current movement appears bullish, with a steady rise after a consolidation period, but the high RSI suggests a potential pullback or correction soon. Interpretation Strategy: The chart suggests a moderately risky strategy with good profit potential. The TP levels are set with a relatively balanced risk-reward ratio, but the high SL (1.272) seems unusual and might be an error. RSI: The value of 77 - 76 indicates a condition nearing overbought, which may signal a pullback or correction toward levels like TP1 or TP2. Trend: There are signs of a short-term bullish trend, but the proximity to overbought conditions might lead to consolidation or a slight decline.
Short
by AltcoinPiooners
2