XPR Network soars 34.5% – Assessing if this rally is built to last
2025-07-13 04:04:32
Main Idea
XPR Network (XPR) experienced a significant price surge of 34.5% on July 11, 2025, breaking past key resistance levels, but concerns about trading volume and potential pullback remain.
Key Points
1. XPR Network surged 34.51% on July 11, 2025, breaking past the $0.00278 resistance level after months of consolidation.
2. The weekly trading volume during the breakout was lower than previous highs in November 2024 and January 2025, raising concerns about the rally's sustainability.
3. A bearish order block at the $0.005 region could lead to a deeper pullback, with potential retesting of the $0.0004 support level.
4. Long-term holders appear reluctant to sell, as indicated by declining 90-day token circulation, suggesting a bullish outlook for XPR.
5. Daily active addresses and network growth metrics indicate positive adoption trends, appealing to long-term investors.
Description
The idea of buying the XPR breakout past $0.004 was made even more enticing by the on-chain metrics.
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