XPL rebounds 2.81% but stays below key moving averages
- —Price at $0.0743, below the 7-, 10-, 15-, 30-, 50-, 90- and 200-day SMAs
- —Daily volume of $57.75M is 28.08% below the 30-day average
- —RSI at 38.9, bearish MACD and stochastic at 20.4 signal weak momentum
- —A 160.7M XPL unlock (1.6% of supply) was scheduled for October 25
Why it matters: A low-volume bounce does not reverse the downtrend; without volume expansion and a break of resistance, XPL remains vulnerable to further declines.
Source: DiarioBitcoin