PLASMA is showing a clear shift in structure after an extended downtrend. Price has broken out of the descending channel and is now pushing higher into a key reaction area.
The highlighted structure zone below price is acting as a base. As long as this area holds, pullbacks are being absorbed and buyers remain in control. A strong reaction here supports continuation, while acceptance back below it would likely lead to consolidation.
Momentum is expanding rather than fading, suggesting this move has follow-through behind it. This level matters,hold structure and continuation stays on the table; lose it and PLASMA likely chops before the next direction is set.
Watching how price behaves around this zone.
XPLUSDT
Perp
0.1834
-8.52%