XPLUSDT Technical Analysis – Bearish Pressure with Key LevelsXPL / TetherUSBINANCE:XPLUSDTaipediaCurrent Market Status: Price: $0.3799 (-4.57%) Exchange: Binance Spot Volume: 115.72M USDT Timeframe: 4H Chart Technical Overview: XPLUSDT is facing significant selling pressure, down 4.57% and currently trading at $0.3799. The price action shows clear rejection from higher levels with bears maintaining control. Despite the monthly gain of +277.80%, recent weakness suggests consolidation or further downside before any meaningful recovery. Key Levels: Resistance Zone: $0.4332 - $0.4507 This red zone represents a major overhead resistance area. Any rally attempts will likely face strong selling pressure in this region. Bulls need to reclaim and hold above $0.4507 to invalidate the bearish structure. Support Zone: $0.3779 - $0.3805 The green zone marks critical support. Price is currently testing this area at $0.3799. A break and close below $0.3779 could trigger accelerated downside with next support levels potentially much lower. Trading Strategy: For Sellers: Look for rejection at the support zone or a breakdown below $0.3779 for continuation shorts For Buyers: Wait for price to reclaim and hold above $0.4332 with volume confirmation before considering long positions Risk Management: No man's land between $0.3805 - $0.4332. Avoid trading in this choppy zone. Conclusion: XPLUSDT remains under pressure with critical support being tested. The risk/reward favors patience—either wait for a clean breakdown for shorts or a breakout above resistance for longs. Avoid catching falling knives in the current structure.