Plasma (XPL) has recorded a sharp decline after its recent rally. The token is now priced around $0.75, reflecting a 14% drop in the last 24 hours and 23% over the past week.
The move follows a brief push that took the price as high as $1.07 in the past seven days.
Price 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 converge. This area acted as a base for the last upward move. The 0/8 Murrey Math Line at $0.78 also aligns with this zone, suggesting it remains a level of interest.
Source: TradingView
The Relative Strength Index (RSI) on the 4-hour chart is now around 30, placing it in oversold conditions. Early signs of a possible reversal are visible, but there is no confirmation yet. If the trendline and support hold, buyers may step in. If not, lower levels around $0.68 and $0.59 could come into play.
Futures Open Interest Holds Above $1B
XPL futures Open Interest is currently aro
We współpracy z: https://cryptopotato.com/xpl-drops-14-after-pump-whats-next-for-plasma/
