2026-01-18 12:34:05

XPL this wave of market activity is quite interesting. From mid-last month to the beginning of this month, it rose continuously, doubling in value, which got many people excited. But the subsequent correction was also fierce, dropping directly by 36%.

However, a turning point might be coming now. Looking at the 4-hour chart, a double bottom pattern has already formed at the bottom, and the second bottom has just been established, with signs of an upward rebound already appearing. From a technical perspective, this position does have some potential. Once the double bottom is effectively broken through, it often signals the start of a rebound trend. Setting up a long position at this point has a favorable win rate worth considering.

XPL-3.2%

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AirdropJunkie

· 2h ago

Double bottom looks good, but I want to know if we can really break through this time. Last time, I said the same thing, and it still broke.

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WalletWhisperer

· 2h ago

double bottom formations are statistically significant when paired with accumulation phase behaviors... watching the wallet clustering around this level is rather telling ngl

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ValidatorViking

· 2h ago

double bottoms are textbook setups but ngl, that 36% flush had teeth. seen too many validators get liquidated chasing "obvious" patterns on 4h charts... if the network stress tests hold, *then* we talk conviction.

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TxFailed

· 2h ago

double bottom plays always hit different until they don't... learned this the hard way watching eth chart in 2018, ngl. technically speaking the setup looks decent but 36% dumps tend to shake out conviction pretty quick. stay safe out there

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SoliditySurvivor