#Plasma 📊 Plasma (XPL) Market Overview: Explosive Growth Meets Harsh Correction
After its September 2025 launch, Plasma’s token $XPL experienced a rollercoaster ride — skyrocketing during its debut before tumbling over 81% from its peak as selling pressure intensified.
🔹 Market Snapshot
• Price: ~$0.31 (▼16.49% 24h)
• Volume: $390.3M
• Market Cap: $527.2M
• TVL: Surged past $5.3B, peaking above $10B
• Transaction Activity: Over $50B USDT transferred in the first two weeks — 4th globally among stablecoin networks
🚀 What Drove the Early Boom
Plasma positioned itself as a next-gen digital dollar infrastructure, offering zero-fee USDT transfers via its PlasmaBFT consensus and full EVM compatibility.
• Backed by: Tether ecosystem, Peter Thiel, Founders Fund, Framework Ventures
• Ecosystem Strength: 100+ DeFi partners onboarded within weeks
• Regulatory Milestones: Gained a VASP license in Italy, pursuing MiCA authorization in the EU to boost legitimacy and compliance
📉 Technical Outlook: Bearish with Oversold Signals
Short-term charts remain under pressure, but some indicators suggest a possible relief bounce.
• Support: $0.3059 and $0.25
• Resistance: $0.40 — a breakout above could signal early recovery
• RSI (14): 32.52 → nearing oversold
• CMF: -0.27 → persistent capital outflows
• Market Sentiment: Fear & Greed Index at 34 (“Fear”), with social volume down 62%, hinting at fading retail engagement
🔻 Summary: Plasma’s fundamentals remain strong, but short-term sentiment and liquidity pressures continue to weigh on $XPL. A reclaim above $0.40 could mark the first step toward stabilization.
