2026-01-21 17:22:10

XPL has retreated from its high and experienced an initial round of retail panic selling. Now, the price is oscillating around $0.14, and smart money is conducting complex accumulation actions in this area.

From a price action perspective, this indeed aligns with the typical characteristics of Wyckoff accumulation cycles. In the initial support (PS) stage, the price drops rapidly, finding preliminary support at the $0.16-0.18 level, followed by a significant panic sell-off (SC). This process creates a wide bottoming range. Subsequently, a spontaneous rebound (AR) unfolds, and the selling pressure from bears is basically released during this rebound.

The most interesting part is the current secondary test (ST). XPL repeatedly tests the bottom near $0.14, with each new low accompanied by noticeably decreasing volume. This is a critical signal—indicating that there is no sustained selling pressure below. Retail panic orders have long been digested, and large transactions have been absorbed completely.

Judging from the relationship between volume and price, this is solid evidence of accumulation. When the price tests the bottom with decreasing volume, it precisely demonstrates what "lack of selling pressure" means. Charts don't lie, the data is right there. Against this backdrop, XPL may be close to a breakout.

XPL-3,35%

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FrontRunFighter

· 01-24 00:50

ngl this wyckoff playbook is getting too predictable... every time we see this "smart money accumulation" narrative, someone's already frontrunning the narrative itself. volume compression could just as easily mean liquidity's drying up before the real dump lmao

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SmartContractDiver

· 01-22 10:42

A decline on low volume is like this: retail investors are all out, and only smart money comes in comfortably afterward.

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GasGoblin

· 01-22 04:22

A decline on low volume to the bottom is really a king's move signal. When retail investors have all sold off, it's our turn to jump in.

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governance_ghost

· 01-21 17:52

How many times have we played the pattern of a second bottom with reduced volume? Every time, they say the launch is just around the corner, but what’s the result?

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OffchainWinner

· 01-21 17:51

The 0.14 price level has indeed been fluctuating repeatedly. I've seen the tactic of shrinking volume to test the bottom many times. Just waiting for that one bullish candlestick.

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Degen4Breakfast

· 01-21 17:51

The decline with reduced volume really feels a bit tense. Let's wait and see how smart money plays it out.

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AirdropFatigue

· 01-21 17:50

The recent dip with decreased volume is indeed interesting; retail investors have already been shaken out. Now, it's just a matter of when the smart money will call out the bluff.

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GmGnSleeper

· 01-21 17:41

The idea of measuring the bottom with decreasing volume has been heard too many times, but in the end, you're still trapped.

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DaoGovernanceOfficer

· 01-21 17:37

ngl, wyckoff cycles are just technical theater if we don't talk about *who's actually accumulating* here. where's the on-chain data? fund flows? real governance stake? this reads like classic "trust the chart" energy... empirically speaking, we need verifiable metrics not just volume squeezes 🤓

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LiquidationKing

· 01-21 17:28

Measuring the bottom with decreasing volume, when retail investors are bleeding out, the smart money has already laid its trap. This is the game of strategy.

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