Recently, the price movement of XPL has attracted attention. Today, this coin has seen a 7% rise around 1.055 USD, drawing in many traders to take profit.

Current market sentiment is leaning optimistic, with strong willingness from bulls to enter the market. However, the key resistance level of $1.06 to $1.07 has not yet been tested, adding some uncertainty to future price movement. During the late night period, many traders have opted for a cautious strategy, locking in profits.

Currently, the mid-term trend of XPL remains unclear, making it difficult to determine whether this is a temporary rebound or the beginning of a long-term reversal. For investors who intend to continue going long, it is advisable to closely follow the performance in the range of $1.06 to $1.07. If the price can break through this range and hold steady, new long opportunities may arise. At this time, it may be considered to use profits already gained as a stop-loss to reduce risk.

Overall, in the absence of a clear trend, temporarily staying out and observing may be a wise choice. Investors should remain vigilant and wait for clearer market signals before making decisions. Remember, in the cryptocurrency market, patience and risk management are often more important than impulsive trading.