{"id":36606,"date":"2025-10-09T16:43:22","date_gmt":"2025-10-09T16:43:22","guid":{"rendered":"https:\/\/financialrush.com\/?p=36606"},"modified":"2025-10-09T16:43:22","modified_gmt":"2025-10-09T16:43:22","slug":"xpl-drops-14-after-pump-whats-next-for-plasma","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36606","title":{"rendered":"XPL Drops 14% After Pump: What\u2019s Next for Plasma?"},"content":{"rendered":"<p> \n<\/p>\n<p>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.<\/p>\n<p>The move follows a brief push that took the price as high as $1.07 in the past seven days.<\/p>\n<h2 id=\"price-back-at-support-area\">Price Back at Support Area<\/h2>\n<p>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.<\/p>\n<figure id=\"attachment_1415771\" aria-describedby=\"caption-attachment-1415771\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/WjpyaCqK.png\"><\/a><figcaption id=\"caption-attachment-1415771\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>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.<\/p>\n<h2 id=\"futures-open-interest-holds-above-1b\">Futures Open Interest Holds Above $1B<\/h2>\n<p>XPL futures Open Interest is currently around $1.09 billion, up sharply from below $300 million in late August. The 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.<\/p>\n<figure id=\"attachment_1415770\" aria-describedby=\"caption-attachment-1415770\" style=\"width: 2472px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-09-at-14.26.18.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-1415770\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-09-at-14.26.18.png\" alt=\"XPL open interest\" width=\"2472\" height=\"1020\" \/><\/a><figcaption id=\"caption-attachment-1415770\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Although both price and Open Interest have come off their highs, the current level shows that traders remain active. The chart reflects that a large number of positions are still open, which may keep price movement volatile in the short term.<\/p>\n<h2 id=\"analyst-says-market-now-finds-fair-value\">Analyst Says Market Now Finds Fair Value<\/h2>\n<p>Crypto analyst Duo Nine <a href=\"https:\/\/x.com\/DU09BTC\/status\/1976221050477379645\">posted<\/a> a breakdown of XPL\u2019s recent activity. He said,<\/p>\n<blockquote>\n<p>\u201cAt $1.70 insiders started to unload&#8230; market maker support at $0.85 failed under pressure.\u201d<\/p>\n<\/blockquote>\n<p>He added that with the pump phase over, the market is now moving to \u201c<em>find the real price of XPL<\/em>.\u201d<\/p>\n<p>Data shows XPL hit its all-time high of $1.68 on September 28, while the all-time low of $0.72 came just days before. With current price action testing that same range, traders are watching to see if support holds or if further decline follows.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/xpl-drops-14-after-pump-whats-next-for-plasma\/\">XPL Drops 14% After Pump: What&#8217;s Next for Plasma?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/xpl-drops-14-after-pump-whats-next-for-plasma\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Plasma (XPL) has recorded a sharp decline after its recent rally. The token is now priced around $0.75,&hellip;\n","protected":false},"author":2,"featured_media":36607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36606","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36606"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36607"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}