2026-01-08 03:27:00

XPL shows clear signs of bearish acceleration on the 15-minute chart. As of now, the quote is 0.1774, down 8.46%, having traded over 100K candles. From a technical perspective, this wave of decline is fierce, with plenty of room to move.

Key levels to watch include support at 0.1762, 0.1750, and 0.1700, while resistance is at 0.1854, 0.1876, and 0.1897. From a trading standpoint, the current aggressive shorting approach is feasible, with a suggested stop-loss above 0.1800 and a target down to around 0.1760.

However, be aware of a risk point—if the price rebounds and breaks through the dynamic tracking line at 0.1790, it could indicate a trend reversal. At that point, the bearish outlook would need to be reassessed. Such reversals can happen quickly, so real-time monitoring is essential.

XPL-4,72%

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ParallelChainMaxi

· 9h ago

I'm bullish on this short squeeze, but I really need to keep a close eye on the 0.1790 level. If the rebound is instantly broken, I must cut my position immediately.

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MeaninglessGwei

· 14h ago

The short squeeze this time is really fierce, but I always feel that the 0.1790 level will surprise me...

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failed_dev_successful_ape

· 01-08 03:57

Is the short squeeze accelerating again? The last time I saw this kind of signal... never mind, I won't mention it, always getting cut off by the opposite move. I'm watching the 0.1790 level. It’s true that the reversal comes quickly; I’ve seen too many of these one-second reversals.

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hodl_therapist

· 01-08 03:56

Oh no, it's crashing again and again. XPL is really going crazy this time. Wait, does the 0.1790 line need to be reassessed even if it just bounces back? Then I'll just keep an eye on it for now. An 8-point drop sounds fierce, but I always feel that this kind of accelerated decline often reverses quickly, which is a bit exhausting.

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MEVHunterLucky

· 01-08 03:54

0.1790 is really a key level. Once it breaks, the reversal happens very quickly... Only then does this wave of bears look comfortable.

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NoodlesOrTokens

· 01-08 03:50

Another sharp drop again. It looks satisfying, but it's really uncomfortable not to have any positions. If the bears can't break below 0.1762, I'll withdraw. The data is too dense. A rebound at 0.1790 and then a turn? Then I'll just stay on the sidelines for now and avoid getting cut. With the 100K line momentum, it seems like it will continue to drop.

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notSatoshi1971

· 01-08 03:31

The short position is so aggressive. Once 0.1790 breaks, I really have to reverse... I've seen many of these reversals before, and suddenly it can't be pushed down anymore.

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