XPL's recent trend has been quite interesting. Starting from the 19th of last month, it has been rising all the way up, and in just half a month at the beginning of this month, the price doubled. However, the rapid increase was followed by a quick correction, with continuous declines afterward, reaching a drop of 36%, which indeed made many people sweat.

But now the market situation has changed. Carefully examining the 4-hour chart, a double bottom pattern has already formed at the bottom, with the second bottom just established, and the price is now pulling upward. From a technical perspective, this double bottom structure often indicates that the support below is relatively solid, and the rebound potential might be worth looking forward to.

If you've been waiting for a correction to build a position, this wave might be the window of opportunity.