Since the launch of XPL Autonomous Network, the recent high has experienced a significant pullback, and it is currently in a consolidation phase with repeated oscillations. From a technical perspective, there is indeed short-term downward pressure, but interestingly, the RSI indicator is approaching the oversold region, which often signals a potential rebound.



The key factors truly affecting price fluctuations are still liquidity changes and ecosystem activity. The trading activity of stablecoins and the successive launch of DeFi applications—these can easily drive the market in the short term. For traders who like to track on-chain movements, now is the perfect time to observe trading volume and on-chain activity data. These indicators often can anticipate the next price trend.
XPL2,28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
PensionDestroyervip
· 5h ago
Is RSI oversold? Then you need to keep an eye on the active data in DeFi, which is the real source of signals. --- It's both a consolidation phase and a rebound expectation. Honestly, it all depends on whether new projects are launching in the ecosystem. --- Liquidity is king; everything else is虚的. --- Traders scanning on-chain data are probably laughing their heads off—it's free information asymmetry. --- Oversold zone? I'm more concerned about whether stablecoin trading volume is truly active. --- If XPL drops further, I'll start dollar-cost averaging. Anyway, DeFi will rise sooner or later. --- Technical analysis looks good, but the key is to have actual applications launched.
View OriginalReply0
OfflineNewbievip
· 5h ago
Oversold and still not buying the dip? Wait for the rebound and then cry.
View OriginalReply0
LightningLadyvip
· 5h ago
Oversold conditions are about to rebound, liquidity is the real daddy.
View OriginalReply0
MEVictimvip
· 5h ago
Oversold areas have appeared, and a rebound is just around the corner, but it depends on whether the ecosystem activity level is strong enough... On-chain data is the key; this time, we need to keep a close eye on trading volume, really. RSI is almost at the bottom; theoretically, it should rebound, depending on whether stablecoin trading volume cooperates. How much can DeFi上线 pull up? Honestly, it's a bit uncertain... The most annoying part of the consolidation phase is not knowing the next step, it feels like there will be more volatility. Right now is the observation period; once on-chain activity data picks up, the market trend will be easier to predict.
View OriginalReply0
ServantOfSatoshivip
· 5h ago
RSI is about to bottom out, this rebound opportunity isn't small Is the DeFi launch wave coming? Let's wait and see the on-chain data Finished organizing and ready to take off again? Monitor liquidity The oversold zone is my reminder, stock up on bullets Trading volume speaks, technical analysis is just for reference Can the current ecosystem activity level hold up? It's a bit uncertain
View OriginalReply0
SelfStakingvip
· 5h ago
The oversold area is almost reached. This rebound might be just around the corner. --- Is the RSI approaching oversold? Then it's time to check the on-chain data, don't just stare at the candlesticks. --- Liquidity is the real boss. Has DeFi gone live or is it still delaying? --- The整理阶段 is so annoying. When can we see a decent rally? --- Trading volume hasn't picked up, so the rebound is pointless. We need to see how active the ecosystem really is. --- Again with the good technical signals and positive ecosystem signals. I'm tired of hearing these clichés. --- The activity of stablecoins is the key. If this thing isn't moving, everything else is irrelevant. --- Is now a good time to observe? I feel like the chances of going further down are higher. --- On-chain data leading the price? Sometimes it's just nonsense; a quick dump makes it all worthless. --- There is a possibility of a rebound, but it depends on when DeFi actually becomes active.
View OriginalReply0
GateUser-e19e9c10vip
· 6h ago
Oversold conditions should rebound, but that logic is old news. It still depends on whether the ecosystem activity can keep up. DeFi projects are launching one after another? Just listen, the ones that can really drive the market are still the big players' real money. On-chain data is indeed interesting, but I more want to know whether those entering now are to cut leeks or to buy the dip.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)