The post XPL Technical Analysis Jan 28 appeared on BitcoinEthereumNews.com.

Volume story – what participation tells us about conviction Volume Profile and Market Participation XPL’s 24-hour trading volume reached an impressive $277.52 million. Alongside a daily %14.76 price increase, this volume indicates strong market participation. Despite the overall downtrend, the price action above the short-term EMA20 and the volume supporting this rise signal that buyers are stepping in. Compared to average volumes (assuming above the last 7-30 day averages), this level reflects healthy participation; unlike low-volume rallies, conviction appears high. Among market participants, there are traces of large-volume trades alongside retail investors, suggesting that high-node regions are starting to form in the volume profile. With price at $0.15, the volume spike is concentrated in the $0.1386-$0.1496 support and resistance range. This shows investors buying from lower levels and limiting selling pressure at resistance tests. Volume analysis tells us beyond price: Participation is not symmetric—volume increases on upside moves while decreasing on downside—bullish divergence early signal. Accumulation or Distribution? Accumulation Signals Accumulation signals in XPL are clear: Volume explosion during the %14 rise evokes a typical accumulation phase. Within the downtrend, price crossing above EMA20 with increasing volume implies smart money accumulating positions. In MTF volume levels, the 1D timeframe has 2 strong support (S) levels; these volume nodes support accumulation. RSI at 50.45 is neutral, MACD with positive histogram is bullish—volume confirms this momentum. For healthy accumulation, high-volume upside breakouts after low-volume shakeouts are ideal; XPL seems to be experiencing exactly that. The $0.1139 support was tested and held with volume, showing buyers defending it. In the accumulation phase, volume rises in sync with price—seen here. Distribution Risks Distribution warnings come from Supertrend being bearish and 3R/1R weighted MTF levels on 1W/3D. If volume decreases at $0.1496 resistance or weakens on upside breakout without a spike, distribution risk increases. In…

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Filed under: News - @ January 28, 2026 3:30 pm