The token is currently trading at $0.087293 with a market capitalization of $231.33 million and a 24-hour trading volume of $238 million.
After being listed on #Binance on August 18, the price rose from $0.072 to a peak of $0.1035 before retreating.
Recent technical indicators show a 2.54% increase after recovering from a low of $0.08525, indicating potential recovery momentum.
Available in multiple trading pairs: USDT, USDC, BNB, FDUSD, and TRY.
Key influencing factors.
The strategic listing on Binance and the distribution of 150 million tokens as an airdrop to BNB token holders generated significant initial interest.
Plume Network is distinguished by its unique position as the first scalable EVM chain focusing on Real World Asset Financing (RWAfi).
A $25 million ecosystem fund supports the development and adoption of digitally prepared real-world assets.
The current trading challenge for cryptocurrencies on Binance with a prize pool of 10 million PLUME tokens (ending on September 2) maintains trading momentum.
Trading opportunities.
A key support was established at the $0.08525 level with resistance at the previous peak of $0.1035.
Limited strategies can target the fluctuations between these two levels, while breakout traders monitor any movements beyond the $0.1035 level.
It is advisable to place stop-loss orders below the support level of $0.085 to ensure risk management.
The incentives resulting from the trading challenge are likely to maintain higher than average volume and volatility until early September.
User community outlook.
Posts #BinanceSquare show enthusiastic reactions to price movements and the mechanism of the airdrop distribution.
There is strong interaction with the token framework in the field of RWAfi, indicating interest in integrating real-world assets.
The challenge in trading contributes to increased participation from individual users and speculative activity.
Breakouts in technical indicators above the previous range indicate increasing optimism #PLUME #BinanceHODLerPLUME #BitcoinDunyamiz $PLUME .
