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.