🔥 Plasma (XPL) Ready to Bounce? Transactions Explode as Bulls Return! 🚀
Plasma (XPL) seems ready to stage a comeback after weeks of downward movement. Recently, the token tested the $0.87 support level, shaping a double bottom and a falling wedge pattern — both classic signals of a potential bullish reversal. 📊 In the past 30 days, XPL’s on-chain activity has exploded, with transactions soaring 5,200% to 28.7 million and active addresses rising to 878,000, showing growing market participation and renewed investor interest. ⚡🔥
Adding fuel to the momentum, a major whale reportedly purchased $23.4 million worth of XPL and opened 2× leveraged long positions, solidifying strong price support around $1.03. Trading volume and wallet activity have each jumped over 50%, suggesting strong buying conviction. If XPL can break above $1.30, it may kickstart the next big rally phase. 💰📈
However, there are still some caution flags. Around 32% of XPL’s supply is unlocking monthly, and the token’s fully diluted valuation now stands between $6–7 billion. Sustaining that value will depend on continuous user growth and real-world adoption. 🌐💹
👉 Watch the $0.83–$0.87 range for solid support and look for a clean breakout above $1.30 — that’s when the real rebound could begin. 🚀✨
#MarketUptober #BTRPreTGE #trading