XPL has recently been fluctuating between 0.138 and 0.143, and it seems that the main force is not very enthusiastic, mostly lying flat at the bottom. From a technical perspective, the weekly chart is still in a downtrend channel. Although RSI has already entered oversold territory, there are no obvious divergence signals. Trading volume is also sluggish, making the current situation somewhat unattractive.

The key support level is around 0.138 to 0.139, which is the bottom of the weekly channel combined with a dense area of recent lows. If this level is broken, it will basically confirm a new round of bottom exploration, with the target pointing towards the 0.13 mark.

From a capital perspective, the main force has indeed been inactive over the past 24 hours. Meanwhile, mid-sized investors have withdrawn 400,000, and retail investors haven't shown any signs of bottom fishing. There are some whales accumulating sporadically at low levels, but there are no signs of follow-up large orders. The characteristic of quick in-and-out capital is very obvious, and in such an environment, the risk of a one-sided liquidation still exists.

In terms of operation, the first resistance during a rebound is in the 0.152 to 0.158 range. Bulls must break through and stabilize with high volume here to turn the situation around; otherwise, they will continue to grind at the bottom. The secondary resistance above is between 0.17 and 0.19, an area where false breakouts have occurred multiple times previously, and it is also a psychological integer level with a high probability of encountering resistance. Currently, the oscillation zone between 0.138 and 0.145 is the main force's battleground and a good window for low buying. At higher levels, it is advisable to reduce positions appropriately.