Plasma price prediction: Can $0.0566–$0.0726 range hold as XPL drops 7.54%?

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Plasma slides 7.54% today to $0.0650

Highlights

XPL/USD trades below key moving averages on all timeframes, confirming persistent bearish momentum across short- and long-term trends.
Technical indicators overwhelmingly signal selling pressure, with momentum and volatility favoring continued downside despite brief oversold conditions.
Expected trading range is $0.0566 to $0.0726 over the next 2–3 sessions, with a strong likelihood of further declines unless price reclaims $0.0675.

Technical sell signals intensify as resistance holds and indicators diverge

On the technical front, XPL/USD is trading below its MA-20 ($0.0670) and MA-50 ($0.0689) on the H1 timeframe, and well below the MA-200 ($0.1201) on the daily chart. The Ichimoku Kijun sits at $0.0675, now acting as immediate resistance. Momentum signals remain weak: both MACD and Awesome Oscillator (AO) display aligned sell signals, while ADX is neutral. The RSI is at 36 (Sell), with CCI showing oversold levels and Stoch RSI flashing a strong buy, highlighting a divergence between classic and stochastic oscillators. BBP confirms intraday seller dominance with a clear sell signal.

Increased downside risk as resistance limits recovery prospects

XPL/USD is expected to trade in a $0.0566 to $0.0726 range over the next few sessions, with typical volatility relative to current levels. The probability of a further downside move is high, while an upside reversal remains less likely unless price breaks decisively above the $0.0675 resistance. A move below $0.0566 would reinforce bearish momentum, whereas a rally above resistance could signal the start of a short-term recovery.

Anton Kharitonov, expert at Traders Union, highlights that XPL remains under pressure with strong bearish technical signals across multiple timeframes. He sees weak momentum reinforced by aligned sell signals on the MACD and AO, and no supportive sentiment or news flow to counteract the recent downside. Resistance at $0.0675 must be cleared for any upside to emerge. "With technicals pointing lower and sellers dominating, my bias stays cautious unless we see a decisive break above immediate resistance."

Earlier, analysts noted that Plasma faced persistent bearish momentum as technical indicators continued to signal downside risks. The latest action validates these concerns, with deepening technical weakness and seller control making the $0.0566 support level crucial for monitoring any further 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.