Friends who have recently been paying attention to XPL might have a feeling—this brother's recent state has been a bit unstable. As of the observation time, the price is fluctuating around $0.139, with a 24-hour decline of over 2%. What's more uncomfortable is this week's performance, dropping nearly 14% from the high seven days ago, a significant decline.

From the market sentiment perspective, the Fear & Greed Index hovers around 49, which basically indicates that the market is in a neutral to slightly weak state. The price faces obvious resistance above this level, with support at $0.1158, created in December last year. From a historical point of view, XPL has fallen from its peak of $1.68 to now, more than halving without a clear bottom. The short-term downward momentum is indeed fierce, but in the long run, it might be an opportunity for some breathing room.

So, how to operate at this stage? The key is to control greed. Don't think about bottom fishing in one go, and don't expect quick profits from chasing short positions—those are all gambling. A more practical approach is: wait for the price to stabilize in the $0.138 to $0.144 range, and observe whether there are signals of a short-term rebound. If you want to get involved, do so with a small position to test the waters, take profits when appropriate, and set stop-losses in advance.

Finally, I want to say that the above views are based solely on public market data for discussion and do not constitute any investment advice. Cryptocurrency contract trading itself carries extremely high risks, and the possibility of losing all principal exists at any time. Before making any decisions, please analyze independently and proceed with caution.