Plasma extends gains as buyers control the short-term trend

Traders Union
All News
Crypto News
Plasma jumps 13.41% today to $0.0702

Highlights

XPL/USD surged 13.41% intraday, closing near its daily high amid heightened volatility and buyer dominance.
Momentum indicators show mixed signals, with overbought oscillators and neutral trend strength despite strong upside signals.
XPL/USD is projected to trade between $0.0476 and $0.0757 next 2–3 days, with a high probability of rangebound movement and bullish bias.

Mixed momentum signals as resistance limits further gains

Technical analysis shows XPL/USD trading above its MA-20 ($0.0642) and MA-50 ($0.0644) on the H1 chart, with continued resistance from the MA-200 ($0.1193) on the daily timeframe. The Ichimoku Kijun stands at $0.0641, acting as immediate support. Key indicators display mixed momentum: MACD and Awesome Oscillator both signal a Buy, while ADX remains neutral. The RSI is at 65.778, implying a buying bias, but Stoch RSI and CCI indicate overbought conditions. Bull/Bear Power (BBP) further confirms intraday buyer dominance, with high volatility prevailing.

Narrow trading band as bullish breakout risk rises

For the next 2–3 trading days, XPL/USD is expected to remain volatile within a band of $0.0476 to $0.0757. The probability of an upward move is very high, and a downward move is considered very unlikely. The baseline scenario sees price consolidating in this range. In a bullish case, XPL/USD could break through resistance toward the upper end of the range, while a bearish outcome would be triggered by a break below Kijun support, opening the way toward the range low.

Viktoras Karapetjanc, expert at Traders Union, sees strong technical momentum in XPL/USD, with price action supported by bullish signals across several indicators. He notes the lack of fresh fundamental or news catalysts, so traders should focus on chart-based signals. The analyst expects continued volatility in the $0.0476 to $0.0757 range, with the odds favoring upside unless key support fails. "With momentum firmly on the side of buyers and no negative fundamental developments, I see a high chance for XPL/USD to push toward the upper end of its current range in the coming days."

Earlier, analysts noted that Plasma was facing persistent downside risks amid weak momentum and oversold technical readings. The current shift to strong bullish momentum and a dominant buyer profile marks a notable change, so traders should now watch for sustained price action above immediate support as a signal for potential continuation of the uptrend.

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.