{"id":33475,"date":"2026-11-03T20:01:36","date_gmt":"2026-11-03T20:01:36","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/11\/03\/plasma-xpl-drops-10-percent-key-support-under-pressure\/"},"modified":"2026-11-03T20:01:43","modified_gmt":"2026-11-03T20:01:43","slug":"plasma-xpl-drops-10-percent-key-support-under-pressure","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/plasma-xpl-drops-10-percent-key-support-under-pressure\/","title":{"rendered":"Plasma (XPL) Drops 10%: Which Support Can Stop the Bleeding?"},"content":{"rendered":"\n

Plasma (XPL)<\/strong> is absorbing a brutal 10% correction<\/strong> amid a wave of massive position unwinding<\/strong>. Suspicious links between wallets are fueling doubts about the token’s ability to bounce back. The next major technical support<\/strong> has now become the only credible line of defense against a bearish extension<\/strong>.<\/p>\n\n\n\n

XPL Under Pressure: Position Unwinding Accelerates the Decline<\/h2>\n\n\n\n

The 10% correction<\/strong> recorded by Plasma<\/strong> cannot be explained by ordinary selling pressure alone. Suspicious movements between wallets<\/strong> have been identified, raising questions about the coordinated nature of these liquidations. This type of organized unwinding<\/strong> mechanically amplifies the decline by flooding the order book with simultaneous sell orders.<\/p>\n\n\n\n

On the technical side, XPL is now trading below its short-term moving averages<\/strong>, a classically bearish<\/strong> signal that confirms the loss of bullish momentum. The volume accompanying this drop remains significant, which rules out the hypothesis of a simple technical retracement<\/strong> against a backdrop of a sluggish market. The price structure is deteriorating, and every rally<\/strong> attempt is met with immediate resistance.<\/p>\n\n\n\n

The RSI<\/a><\/strong> is sliding toward oversold territory without yet reaching the extreme levels that would trigger a mechanical bounce. This means bearish pressure still has room to run before sellers are exhausted. The MACD<\/strong> confirms this picture with a well-established negative crossover<\/strong> sitting below the signal line.<\/p>\n\n\n\n

\"Plasma<\/figure>\n\n\n\n

Critical Support: The Last Safety Net Before a Bearish Extension<\/h2>\n\n\n\n

The technical support identified<\/strong> in the current zone represents the decisive test for XPL<\/strong>. This level has historically served as a floor during previous consolidation phases, attracting enough buyers to stabilize the price. A clean break below it would open the door to a significant bearish extension<\/strong>, with no solid demand zone in close proximity.<\/p>\n\n\n\n

Traders are closely watching the price reaction at this level: a bounce accompanied by rising volume would be the first signal of a potential bullish breakout<\/strong> ahead. Conversely, a daily candle close below this support would validate a short-term capitulation scenario. The resistance<\/strong> zone immediately above, recently lost, will act as a ceiling in the event of any recovery attempt.<\/p>\n\n\n\n

On-chain data<\/a><\/strong> reinforces the case for caution: the suspicious wallets that have been identified continue to weigh on overall sentiment. Until these uncertainties are resolved, any rally<\/strong> attempt will remain fragile and exposed to fresh rounds of unwinding.<\/p>\n\n\n\n

Bullish and Bearish Scenarios: Where Is XPL Headed?<\/h2>\n\n\n\n

The bullish scenario<\/strong> hinges on a convincing defense of the current support. If buyers absorb the residual selling pressure and volume recovers, XPL<\/strong> could initiate a technical bounce toward the first resistance levels<\/strong> above. A reclaim of the key moving averages<\/a><\/strong> would be necessary to talk about a genuine trend reversal<\/strong> and consider a return toward pre-correction levels.<\/p>\n\n\n\n

The bearish scenario<\/strong> remains dominant as long as the support is not validated. A break of this level would expose XPL<\/strong> to an accelerated decline, with stop-losses from buyers positioned at this level amplifying the sell-off. The absence of a recent ATH<\/strong> to defend and the fragility of sentiment surrounding the suspicious wallets make this scenario particularly credible in the short term.<\/p>\n\n\n\n

The market’s decision at this support will be decisive for the weeks ahead. Investors should keep a close eye on the RSI<\/strong> and MACD<\/strong> on higher timeframes to anticipate the next directional move for Plasma<\/strong>.<\/p>\n\n\n\n

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