Markets· ★★· bearish·

XPL trades below all key moving averages as daily RSI sits at 42

  • —Daily RSI for XPL is 42.1 versus 71.0 on the hourly; price sits below EMA20, EMA50 and EMA200
  • —Daily resistance is $0.0771 and support is $0.0720
  • —227.77 million XPL unlocks on Nov. 25: 88.89 million to ecosystem, 69.44 million each to team and investors
  • —Plasma is a stablecoin-focused L1 with an initial supply of 10 billion XPL
Why it matters: The upcoming 227.77 million XPL unlock could add selling pressure to a token already trading below all major moving averages.
#XPL
Source: TokenPost
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