The PLUME token, from Plume Network, presents a mixed market sentiment. In the long term, expectations are bullish due to its strong fundamentals, such as the growth of its TVL (Total Value Locked) above 350 million dollars and price projections that place its value at 0.195 dollars by the end of 2025. However, in the short term, there is caution due to post-listing volatility on Binance and token unlocks.
Analysis of the charts
Currently, the price of PLUME is approximately 0.0828-0.0829 USD, which represents a 4.3% drop in 24 hours. The charts show a short-term bearish trend, with a correction from the peak of 0.104 USD reached on August 24. The price is consolidating in a minimum range, but stable volume could indicate possible accumulation.
* Price and candle patterns: Red candles dominate, confirming a bearish correction. The price has remained below key levels, showing bullish fatigue.
* Volume: Volume is decreasing during the drop, which could suggest a possible end to the selling pressure.
* Technical indicators: Key indicators, such as the MACD (Moving Average Convergence Divergence) and the RSI (Relative Strength Index), are in bearish or oversold territory, suggesting a possible rebound. The price is below the exponential moving averages (EMA), which confirms the bearish trend.
Integration with market sentiment
Despite the short-term drop, analysts' sentiment remains bullish in the long term, with predictions seeing stabilization in the range of 0.083-0.088 USD by the end of August. The RWA market, in which PLUME specializes, continues to be a growth driver, with more than 200 projects in its network.
Conclusion
PLUME shows a short-term bearish trend, consolidating at the support of 0.081-0.083 USD. Technical indicators suggest oversold conditions and the risk of further declines. Nevertheless, the project's solid fundamentals and long-term projections indicate that this correction could be an accumulation opportunity. It is recommended to monitor indicators and news of new projects before making decisions.
