Market sentiment in early February 2026 has been defined by "Extreme Fear," but experienced traders know that this is often the exact moment where the strongest projects decouple from the pack. Plasma ($XPL) is currently exhibiting classic "Smart Money" accumulation signs that warrant a closer look.
The Technical "Spring" Setup
On the daily timeframe,xpl has successfully defended the $0.078 – $0.082 support zone for the third time this month. This "Triple Bottom" is accompanied by a Bullish RSI Divergence, where price is making equal lows while the Relative Strength Index is trending higher. This typically precedes a high-velocity reversal.
Target 1: $0.12 (Immediate Resistance)
Target 2: $0.18 (200-day EMA flip)
Target 3: $0.25 (Macro Fibonacci extension)
Fundamental Growth Metrics
Statistical analysis of the Plasma ecosystem reveals a 35% month-on-month increase in Unique Active Wallets (UAW). Most of this growth is coming from the Remittance Corridors established in late 2025. Furthermore, the total value of stablecoins settled on-chain has surpassed a new all-time high, even while the token price remained flat. This "Utility-Price Disconnect" is a prime indicator of an undervalued asset.
The Roadmap Ahead
The upcoming V3 Protocol Upgrade is set to introduce "Privacy-Preserving Transactions," a feature highly requested by institutional liquidity providers. If Plasma can successfully implement shielded stablecoin transfers while maintaining regulatory compliance, it will tap into a multi-billion dollar market that is currently untouched by public blockchains.
Strategy for February 2026:
I am personally looking to scale into $XPL at these support levels. The combination of technical oversold conditions and the massive fundamental moat created by the NEAR partnership makes this a high-conviction play for the remainder of Q1.
What’s your technical take on the XPL chart? Is the $0.08 bottom final? Share your charts in the comments!