Plasma price prediction: Will sellers push XPL to $0.11 support zone?

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Plasma drops 11.58% today to $0.1207

Highlights

XPL trades at $0.1207, remaining below both the MA-20 ($0.1387) and MA-50 ($0.1487), indicating continued short- and medium-term downward pressure.
Technical indicators are strongly bearish, with MACD on a sell signal, ADX confirming trend strength, and RSI in the low 40s without reaching oversold territory.
Resistance stands at the Ichimoku Kijun ($0.1641), with expected price movement between $0.1100–$0.1350 and less than a 20% chance of sustained upside.

Bearish momentum prevails with mixed signals amid undefined support

The current price of XPL ($0.1207) remains below both the MA-20 ($0.1387) and MA-50 ($0.1487), signifying sustained downward pressure across short- and medium-term trends. The Ichimoku Kijun at $0.1641 acts as the nearest dynamic resistance level, while support is currently undefined due to missing long-term data. Momentum indicators point to a clear bearish setup, with the MACD signaling a strong sell and the ADX suggesting evident trend strength. RSI hovers in the low 40s, confirming a weakening bias but not yet oversold, while Stochastic RSI and CCI show mixed short-term signals with some oversold flashes intraday. Bull/Bear Power remains slightly positive in forecast for D1, indicating intermittent buyer attempts, but sellers still dominate based on price action and the daily drop of 11.58%. No significant gap occurred at the open, and price trades near today’s intraday low within a highly volatile range, reflecting continued pressure after the open and highlighting the overall dominance of sellers. Despite some oscillators showing oversold or neutral reads, the overall tone aligns with the bearish momentum.

Downside risks elevated as sideways range dominates outlook

For the coming week, the expected price range has been adjusted to $0.1100 – $0.1350 to reflect current levels and typical volatility. There is a very low probability (less than 20%) of a sustained price increase, making the likelihood of a further decrease significantly higher. The baseline scenario is sideways movement within this volatility band. A bullish case would require a breakout above the Ichimoku Kijun resistance at $0.1641, while further weakness could target the $0.1100 area if sellers retain control.

Anton Kharitonov, analyst at Traders Union, notes XPL is locked in a bearish technical setup with key resistance overhead and momentum weak. He sees the sideways base case as realistic, with no bullish news to shift sentiment and sellers retaining pressure after a sharp daily drop. Kharitonov remains defensive as volatility is high and buyers show limited strength on indicators. "Until XPL reclaims $0.1641, I consider rallies unreliable and favor a cautious approach."

Last time, analysts noted that Plasma (XPL) is trading below its short- and medium-term moving averages, with price action firmly underpinned by negative momentum and intensified seller dominance. Key technical indicators—including a strong sell signal from the MACD, bearish ADX trend, and oscillators nearing oversold levels—underscore persistent downside pressure, with immediate support now derived from intraday lows and resistance positioned at the Ichimoku Kijun level.

Source of Data: XPL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.