{"id":18503,"date":"2025-10-08T11:24:12","date_gmt":"2025-10-08T10:24:12","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=18503"},"modified":"2025-10-08T11:24:14","modified_gmt":"2025-10-08T10:24:14","slug":"plasma-xpl-skyrockets-by-25-then-plummets-by-20-is-this-a-rug-pull","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/plasma-xpl-skyrockets-by-25-then-plummets-by-20-is-this-a-rug-pull\/","title":{"rendered":"Plasma (XPL) Skyrockets by 25% then Plummets by 20%: Is This a Rug Pull?"},"content":{"rendered":"\n

Buyers Attempt Technical Rebound on Plasma<\/h2>\n\n\n\n

The Plasma (XPL) market<\/a> has just experienced a remarkable bullish sequence<\/strong> with a 12% increase<\/strong> in just a few sessions. This momentum is primarily explained by a massive return of spot buyers, indicating renewed organic interest in the asset. Unlike phases of excessive speculation driven by leverage, this rise is built on more solid foundations.<\/p>\n\n\n\n

\"plasma<\/figure>\n\n\n\n

On-chain data reveals progressive accumulation<\/strong> by long-term holders. Spot trading volume has increased significantly, exceeding derivatives volume on several major exchanges. This technical configuration suggests genuine investor conviction rather than a simple speculative pump.<\/p>\n\n\n\n

Support levels are consolidating around $0.90<\/strong>, forming a robust technical base. If this support holds against current selling pressure, XPL could initiate a new bullish leg<\/strong> toward the key resistance zone at $1.37.<\/p>\n\n\n\n

\n
\ud83d\udea8 Bitget x Plasma (XPL) Flash Offer: Get $10 Free<\/a><\/div>\n<\/div>\n\n\n\n

Traders Taking Profits: A Sign of Weakness?<\/h2>\n\n\n\n

Despite the prevailing optimism, profit-taking signals<\/strong> are emerging on Plasma charts. Momentum indicators such as the RSI display values close to the overbought zone, traditionally associated with short-term corrections<\/strong>. Several significant wallets have begun liquidating positions, creating moderate downward pressure<\/strong>.<\/p>\n\n\n\n

\"plasma<\/figure>\n\n\n\n

This profit-taking remains contained, however, and doesn’t challenge the overall bullish structure<\/strong>. The bid\/ask ratio on order books still shows buyer dominance, particularly at lower price levels. Bulls appear to be using each dip as an additional accumulation opportunity<\/strong>.<\/p>\n\n\n\n

The volatility of the crypto<\/a> market demands heightened vigilance from traders. Intermediate supports around $1.15 and $1.12<\/strong> constitute critical zones to monitor. A break below these levels could trigger a wave of stop-losses and accelerate the correction<\/strong>.<\/p>\n\n\n\n

$1.37: A Mirage or an Achievable Target for Plasma?<\/h2>\n\n\n\n

Technical analysts are now plotting a bullish scenario toward $1.37<\/strong>, a level corresponding to the 1.618 Fibonacci retracement of the latest corrective wave. This target represents additional upside potential of approximately 15%<\/strong> from current prices. Breaking through the resistance at $1.30 is an essential prerequisite to validate this scenario.<\/p>\n\n\n\n

\"xpl<\/figure>\n\n\n\n

Plasma’s technological fundamentals continue to attract institutional investors’ attention. The network displays solid performance metrics with a steady increase<\/strong> in daily transactions. This growing adoption strengthens the long-term investment thesis beyond purely speculative considerations.<\/p>\n\n\n\n

The global macroeconomic context also plays a decisive role<\/strong>. XPL’s correlation with Bitcoin<\/a> movements remains high, exposing the asset to fluctuations in the broader crypto market. Savvy traders adjust their risk management<\/strong> accordingly, favoring progressive position-taking rather than massive entries.<\/p>\n\n\n\n

Related topics:<\/strong><\/p>\n\n\n\n