<p>Plasma (XPL) has recorded a sharp decline after its recent rally. The token is now priced around $0.75, reflecting a 14% drop in the last 24 hours and 23% over the past week.</p>
<p>The move follows a brief push that took the price as high as $1.07 in the past seven days.</p>
<h2 id="price-back-at-support-area">Price Back at Support Area</h2>
<p>Meanwhile, the price has returned to a support range between $0.74 and $0.78, where previous consolidation and a rising trendline converge. This area acted as a base for the last upward move. The 0/8 Murrey Math Line at $0.78 also aligns with this zone, suggesting it remains a level of interest.</p>
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/10/WjpyaCqK.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/WjpyaCqK.png" alt="XPL price chart" width="1835" height="921"></a>
 <figcaption>
  Source: TradingView
 </figcaption>
</figure>
<p>The Relative Strength Index (RSI) on the 4-hour chart is now around 30, placing it in oversold conditions. Early signs of a possible reversal are visible, but there is no confirmation yet. If the trendline and support hold, buyers may step in. If not, lower levels around $0.68 and $0.59 could come into play.</p>
<h2 id="futures-open-interest-holds-above-1b">Futures Open Interest Holds Above $1B</h2>
<p>XPL futures Open Interest is currently around $1.09 billion, up sharply from below $300 million in late August. The jump began during the late September rally, when the price climbed toward $1.6. During that move, Open Interest peaked, suggesting strong trading activity and high positioning.</p>
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/10/Screenshot-2025-10-09-at-14.26.18.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/Screenshot-2025-10-09-at-14.26.18.png" alt="XPL open interest" width="2472" height="1020"></a>
 <figcaption>
  Source: Coinglass
 </figcaption>
</figure>
<p>Although both price and Open Interest have come off their highs, the current level shows that traders remain active. The chart reflects that a large number of positions are still open, which may keep price movement volatile in the short term.</p>
<h2 id="analyst-says-market-now-finds-fair-value">Analyst Says Market Now Finds Fair Value</h2>
<p>Crypto analyst Duo Nine <a href="https://x.com/DU09BTC/status/1976221050477379645" rel="noopener noreferrer nofollow">posted</a> a breakdown of XPL’s recent activity. He said,</p>
<blockquote>
 <p>“At $1.70 insiders started to unload… market maker support at $0.85 failed under pressure.”</p>
</blockquote>
<p>He added that with the pump phase over, the market is now moving to “<em>find the real price of XPL</em>.”</p>
<p>Data shows XPL hit its all-time high of $1.68 on September 28, while the all-time low of $0.72 came just days before. With current price action testing that same range, traders are watching to see if support holds or if further decline follows.</p>
<p>The post <a href="https://cryptopotato.com/xpl-drops-14-after-pump-whats-next-for-plasma/" rel="noopener noreferrer nofollow">XPL Drops 14% After Pump: What’s Next for Plasma?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

XPL Drops 14% After Pump: What’s Next for Plasma?

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