Plasma XPL: Surge, Slip, and a 20% Drop on the Horizon?

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Plasma (XPL) has wandered into a mood as twitchy as a catfish on a hook, prices backing away while the volume blows out the smoke-over 60% in the last day. It sits near its short-term support like a mule near a fence, and if it can’t muscle through that line, you may see a 20% dip toward the next pocket where liquidity snoozes. On the other hand, if buyers keep their lanterns lit above the stubborn walls of resistance, there could be a brisk little revival toward about $0.038-$0.042. This here divergence has traders squinting like river men, wondering if it’s mere profit-taking or the first note of a deeper wobble. 🤔💥

Will Plasma Make-It or Break-It?

The price has faced downward pressure once again, even as volume roars-up more than 60% in the past 24 hours. This tumble-aheads-with-boosted-belly is a sign of a redistribution, a reshuffling of chairs as selling pressure tightens its grip while more folks clamber aboard. It often happens when the quick folks or early holders drop their coats and head for the shore, leaving a stir around the key support rails. 🚣‍♂️💨

The Plasma price has been doing its best to guard the local refuge between $0.85 and $0.88, with the crucial shelter at $0.89. Yet the trade winds now appear to favor the bears, for the MACD whispers of rising selling pressure. Bulls once coaxed a little buy-pressure to keep the rally above the line; but the MACD turned bearish before it could waltz into the positive, hinting that a substantial pullback might be waiting just beyond the elm.

Now the question arises: with no stout support nearby, how low can the Plasma price roam?

As the chart shows, the local resistance sits near the 50-day EMA at $1, and reaching that mark would keep the rally in a bullish mood. Still, the current dynamics hint the price could slip to the local support at the 0.382 FIB level of $0.7088. With volume surging, the selling pressure could exhaust itself soon, and Plasma (XPL) might mount a strong rebound; however, staying above $1 would keep the keel steady and the momentum singing. 😅🏄‍♂️

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2025-10-08 12:40