Plasma price forecast: Persistent bearish momentum limits upside as downside risk grows

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Plasma drops 8.68% today to $0.0513

Highlights

XPL/USD trades below key moving averages on hourly and daily timeframes, confirming a sustained bearish structure.
Price declined 8.68% to $0.0513 with sellers dominating intraday action and volatility remaining moderate.
Forecast range is $0.0465 to $0.0552 over 2 to 3 sessions, with high probability of further downside and limited rebound potential.

Bearish momentum persists as resistance and indicators signal weakness

On the technical front, XPL/USD is trading below the MA-20 and MA-50 on the H1 chart, and also remains under the MA-200 on the daily timeframe. The Ichimoku Kijun at $0.0532 is the nearest resistance level. Momentum indicators confirm the bearish structure, with MACD and ADX both signaling downward pressure. RSI is now in oversold territory, implying that selling could be reaching exhaustion, while both the Stoch RSI and CCI give neutral readings. Intraday, sellers hold dominance as reflected by a negative Bull/Bear Power value, while the Awesome Oscillator remains neutral.

Downside risk elevated as volatility defines intraday range

In the short term, XPL is likely to fluctuate within a wide band between $0.0465 and $0.0552 over the next 2–3 sessions, consistent with the current volatility. Downside risk remains elevated, with a move below $0.0465 potentially accelerating the decline. If the price rebounds, a sustained break above the immediate resistance at $0.0532 would open the way for further recovery, though the probability of an upward scenario is low given the persistent bearish momentum.

Viktoras Karapetjanc, expert at Traders Union, sees Plasma (XPL) under sustained selling pressure despite some signs that bears are becoming exhausted. He notes that oversold signals on the RSI may limit further downside in the very short term. Still, the absence of positive sentiment or news flow keeps the technical picture weak. "If XPL can reclaim $0.0532, the mood could shift, but for now, I view any rebound as corrective within a bearish context."

Earlier, analysts noted that Plasma was contending with persistent bearish pressure, as technical readings signaled continued downside risk. The latest price action and momentum indicators reinforce this view, underscoring the importance of monitoring $0.0465 as a critical support level that could trigger accelerated losses if breached.

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.