Recently, the price movement of XPL has attracted attention. From the 1-hour Candlestick Chart, XPL has approached the lower band of the Bollinger Bands, which is typically regarded as a strong support level. In terms of technical indicators, the MACD shows that the DIF and DEA lines are about to form a golden cross pattern, indicating that short positions' momentum is weakening. Meanwhile, the RSI indicator is gradually recovering from the Oversold zone, suggesting that long positions' strength is accumulating.

Comprehensive analysis indicates that the current price of XPL may be in a short-term bottom area. For investors intending to participate, it may be wise to cautiously build long positions in the range of 0.390 to 0.385. If market sentiment improves, the price is expected to rise to the range of 0.405 to 0.41. If this resistance area is broken, the next target price may be 0.43.

However, investors must keep in mind that the cryptocurrency market is highly volatile and carries significant risks. Before making any investment decisions, one should fully assess their risk tolerance and conduct thorough market research. Additionally, closely following the overall trends in the cryptocurrency market and related policy changes, such as adjustments to the U.S. Treasury's Bitcoin holding strategy, could have a significant impact on the price movement of crypto assets like XPL.