As per XPL price prediction, Plasma has been very unstable after a recent price jump. The coin fell 14% in one day and 23% over the week. Its price is close to the important support level at $0.75, which has usually acted as a steady point before.
Investors are watching closely because the charts show possible short-term price changes. Understanding these signals is important for a clear price prediction. Plasma’s DeFi value locked recently passed $14 billion, showing the network is growing fast, but the price acts differently.
The Relative Strength Index (RSI) on the 4-hour chart is close to oversold. This could bring buyers back and a short-term bounce in price. Futures Open Interest is above $1 billion, showing the ecosystem is still active and prices may move a lot.
Recent price action shows XPL rallied to $1.07 but faced selling pressure, causing a drop. This trend is important for the price forecast in the coming weeks.
If the coin can stay above $0.75, it might rise toward $0.90 to $1.00. But if it falls below this level, the price could drop to $0.70 or $0.65, making the short-term market riskier. Watching these support and resistance points helps traders make a more realistic Plasma price prediction.
According to CoinCodex, this cryptocurrency could reach $1.74 by 2030. Kraken sees slower growth, expecting it to hit $1.32 in 2026 and $1.61 by 2030. Coinbase expects the coin to reach around $1.22 by 2030, considering more institutions using it and overall market trends. This gives an idea of where the price could go in the long term.
Trader @machibigbrother is known for bold crypto bets. His actions often influence market sentiment. He lost $18 million on an trade, then started a new trade using 5x leverage on 2.5 million XPL (worth $1.86 million). This caused their total profit on the platform Hyperliquid to drop from $43.64 million to $2.84 million.
Such large trades can influence market sentiment and short-term price movements, making them important for understanding XPL price prediction.
Market sentiment can affect short-term price changes and impact a positive coin price forecast.
Institutional adoption may boost demand, supporting mid- to long-term price growth.
Economic factors like inflation and new regulations also influence investor confidence and industry movement.
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