Based on the chart, @Plasma (XPL) has experienced noticeable volatility over the last 24 hours. The price attempted to move above the $0.13 level, showing short-term strength, but strong selling pressure quickly pushed it back down toward the $0.124–$0.125 zone. This behavior suggests a clear resistance near the higher levels, where traders are taking profits.
Several sharp spikes and sudden pullbacks are visible on the chart, indicating active short-term trading rather than a stable trend. Despite the sharp drop, the price is trying to stabilize near the lower range, which may signal the formation of temporary support.
If XPL can hold above the $0.124 support area, a short-term relief bounce is possible. However, failure to break and hold above $0.13 could invite renewed selling pressure. At this stage, the asset appears to be in a consolidation phase, with buyers and sellers testing each other’s strength.
Overall, Plasma $XPL is currently in a “wait and watch” zone. While short-term opportunities exist for active traders, proper risk management remains essential. Until a clear breakout or strong support confirmation appears, patience may be the most effective strategy. 📈 #Plasma
