$XPL 📉 XPL (Plasma) — The Dip Might Just Be a Hidden Opportunity!
Over the past few days, XPL (Plasma) has dropped to around $0.80–$0.88, raising questions among traders: Is now the right time to buy?
🔹 Current Status:
XPL is still trading below its previous average of ~$1.20. Despite the decline, the project remains in its early growth phase, and the development team continues to expand its ecosystem.
🔹 Support Zone: $0.78 – $0.80
🔹 Resistance Zone: $1.15 – $1.20
🔹 RSI: Around 50 — indicating a neutral momentum with potential for reversal.
📊 Technically, if XPL holds the $0.78 support level, a short-term rebound toward $1.00–$1.15 could follow. However, a break below might extend the correction further.
💡 My opinion
XPL is still young, so price volatility is expected. For long-term investors, this dip could be a good opportunity to accumulate slowly through DCA (Dollar Cost Averaging).
For short-term traders, patience is key — watch for either a clear bounce from support or a confirmed breakout before entering