2026-01-18 12:33:11

XPL's recent trend is quite interesting. Since the 19th of last month, it has been rising, and by the 6th of this month, the price had nearly doubled. Many people made profits during that period. But then it entered a correction phase, with a decline of 36%, which was tough for many.

Now, the situation is starting to turn around. On the 4-hour chart, the price has formed a double bottom pattern at the bottom area, with the second bottom already confirmed. More importantly, from this bottom, the price has shown signs of an upward trend. This technical signal is quite clear — the bottom support is solid, and the rebound momentum is beginning to build.

From this perspective, now is indeed a good time to consider going long.

XPL-3.2%

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SignatureVerifier

· 2h ago

double bottom patterns, sure... but have you actually validated the volume data tho? insufficient liquidity can invalidate the whole setup, ngl

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LongTermDreamer

· 2h ago

Double bottom confirmation means it's time to buy in. This rebound has solid momentum, and from a three-year perspective, XPL remains a good asset.

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LiquidationOracle

· 2h ago

Double bottom confirmation? I always feel this rebound is a false breakout... Wait, you guys are already going long after a 36% drop? Let me check first After doubling, a 36% decline—these new investors have lost quite a bit Is the bottom support stable? We said the same last time... Hmm, the signals are clear, but I'm just worried it might be another trick

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TokenomicsTrapper

· 2h ago

nah this double bottom thing feels like textbook greater fool pattern tbh... who's actually buying at these levels, the same people who got liquidated at 36% down? 🤔

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