Plasma price prediction: Will $0.0572–$0.0760 range hold as XPL loses ground?

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Plasma slides 8.52% today to $0.0666

Highlights

XPL/USD remains under persistent selling pressure, trading below key moving averages on all major timeframes.
Bearish momentum dominates as most technical indicators show weakness, though some oversold signals suggest a possible short-term rebound.
Expect price action between $0.0572 and $0.0760 over the next few days, with a strong likelihood of further downside barring a decisive break above $0.0701.

Downside pressure persists as technicals signal continued bearish momentum

On the H1 timeframe, XPL is trading below its MA-20 ($0.0693) and MA-50 ($0.0696), while the daily chart shows the price well under the MA-200 ($0.1208). The Ichimoku Kijun sits at $0.0701, serving as immediate resistance for any rebounds. Technical momentum is dominated by selling signals, with MACD on Sell and RSI at 38.78, indicating a sell bias, while CCI is in oversold territory. Stoch RSI and ADX present neutral conditions, highlighting the lack of a strong short-term trend; meanwhile, BBP signals some buyer activity, but the Awesome Oscillator supports further downside. Price action reveals intraday losses of 8.52% with high volatility and trading near session lows, underscoring ongoing downside pressure and a clash between oversold oscillator readings and persistent seller dominance.

Volatility band sets range as price action faces sideways bias

In the next 2 6 trading days, XPL/USD is likely to fluctuate between $0.0572 and $0.0760, reflecting its typical volatility band relative to current levels. The base case scenario anticipates sideways movement within this range. A move above $0.0701 could signal a short-term recovery attempt, while a breakdown below $0.0572 may open the path to deeper losses.

Viktoras Karapetjanc, expert at Traders Union, highlights ongoing downside momentum and weak technical structure in XPL. He notes the absence of news catalysts and sees sellers in control, but remains attentive to any sign of renewed demand. The analyst believes short-term recovery is possible if XPL reclaims $0.0701, though sideways action is more likely in the current range. "If the price can hold above $0.0701, optimism could return — for now, staying attentive to oversold signals and the potential for a swift rebound."

Earlier, analysts noted that while Plasma showed renewed short-term bullish momentum, increased token supply on exchanges posed ongoing volatility and downside risk. The current breakdown below key moving averages and oversold oscillators further underscores this vulnerability, making the $0.0572 support level crucial to monitor for any escalation in selling pressure.

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.