XPL Drops 14% After Pump: What’s Next for Plasma?

Plasma (XPL) has recorded a sharp decline after its recent ￰0￱ token is now priced around $0.75, reflecting a 14% drop in the last 24 hours and 23% over the past ￰1￱ move follows a brief push that took the price as high as $1.07 in the past seven ￰2￱ Back at Support Area Meanwhile, the price has returned to a support range between $0.74 and $0.78, where previous consolidation and a rising trendline ￰3￱ area acted as a base for the last upward ￰4￱ 0/8 Murrey Math Line at $0.78 also aligns with this zone, suggesting it remains a level of interest.) on the 4-hour chart is now around 30, placing it in oversold ￰5￱ signs of a possible reversal are visible, but there is no confirmation ￰6￱ the trendline and support hold, buyers may step ￰7￱ not, lower levels around $0.68 and $0.59 could come into ￰8￱ Open Interest Holds Above $1B XPL futures Open Interest is currently around $1.09 billion, up sharply from below $300 million in late ￰9￱ jump began during the late September rally, when the price climbed toward $1.6.

During that move, Open Interest peaked, suggesting strong trading activity and high positioning.