From the current technical perspective, the opportunity for shorting XPL is emerging.



The RSI indicator has already reached 61.59, approaching the overbought level of 70. What does this mean? Buying momentum is starting to weaken, and the possibility of prices moving downward is increasing.

The 4-hour candlestick chart reveals more clues—the price has just broken through a steep upward trendline. Such a breakout after a rapid rally often signals a short-term top, and the price may often pull back.

Although the MACD is still positive, the histogram is shrinking, indicating that the upward momentum is indeed waning. With insufficient strength, the rally is unlikely to continue.

If the price moves downward, the previous support level of 0.1429 is a good reference point for taking profits. This price level previously prevented further decline and can now serve as a target.
XPL3.07%
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MevHuntervip
· 5h ago
It's the same old trick again—after a quick surge, they start talking about exhaustion. They say the same thing every time.
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PumpingCroissantvip
· 5h ago
This RSI is almost at 70, it does look a bit overbought. Should we consider shorting it today and give it a try?
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JustHereForMemesvip
· 5h ago
Here we go again, RSI is almost at 70 and you're still hyping up the rally? I think it's a gamble; this time, a top might really be in sight.
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GhostAddressMinervip
· 5h ago
The RSI of 61.59 is interesting, but think about it—those big players have already started unloading at the top. What we're seeing is just the last-minute capitulation of the bagholders... I checked the on-chain flow at the support level of 0.1429, and there are abnormal funds stirring in dormant wallets. Don't rely too much on technical analysis; this position might be more complicated than you think.
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BasementAlchemistvip
· 5h ago
Hey, wait a minute, RSI is almost at 70 and there's still no action? Why does it feel like this rally is a bit fake?
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