{"id":12610,"date":"2025-10-05T16:13:16","date_gmt":"2025-10-05T16:13:16","guid":{"rendered":"https:\/\/bitunikey.com\/news\/plasma-price-pattern-points-to-rebound-transactions-jump\/"},"modified":"2025-10-05T16:13:21","modified_gmt":"2025-10-05T16:13:21","slug":"plasma-price-pattern-points-to-rebound-transactions-jump","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/plasma-price-pattern-points-to-rebound-transactions-jump\/","title":{"rendered":"Plasma price pattern points to rebound, transactions jump"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge.\u00a0<\/p>\n<div id=\"cn-block-summary-block_2042e8b5fa52a3ea1f762f1172f39d1d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Plasma\u2019s sharp price decline highlights a growing disconnect between on-chain fundamentals and market sentiment. <\/li>\n<li>Despite surging network activity, soaring DeFi deposits, and a new partnership with Chainlink, the token\u2019s post-airdrop selloff underscores how short-term profit-taking and liquidity dynamics can overshadow strong project performance. <\/li>\n<li>The coming weeks will test whether Plasma\u2019s fundamentals can stabilize investor confidence and spark a recovery.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Plasma price plunged despite ecosystem growth<\/h2>\n<p>Plasma (XPL) token slipped below a crucial support level at $1 and then bottomed at a low of $0.8720. It has dropped by almost 50% from its highest point this month.\u00a0<\/p>\n<p>Plasma token has plunged despite the strong performance of its network. Nansen data shows that number of transactions in the network jumped by 5,200% in the last 30 days to over 28.7 million. This growth made it the fastest player in the layer-1 and layer-2 industries.\u00a0<\/p>\n<p>More data revealed that the number of active addresses also soared, reaching over 878,600. This makes it bigger than other chains like Somnia, Starknet, and Avalanche.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More data shows that Plasma has become the fifth-biggest chain in terms of total value locked. Its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/plasma\" target=\"_blank\" rel=\"nofollow\">DeFi TVL<\/a> jumped to over $10 billion, making it only smaller than popular chains like Ethereum, Solana, BSC, and Bitcoin.Plasma has overtaken popular chains like Cardano, Tron, and Suio.<\/p>\n<p>Additionally, Plasma has become a top name in the stablecoin industry, where its total stablecoin market cap has jumped to over $5.28 billion.\u00a0<\/p>\n<p>Plasma\u2019s growth will likely accelerate after thee network reached a partnership with Chainlink,<strong> <\/strong>which is now its official oracle provider.\u00a0<\/p>\n<p>Therefore, the XPL price has likely crashed as the airdrop recipients start selling their tokens. This is a common occurrence whenever a new airdrop happens.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">XPL price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Plasma price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The two-hour chart shows that the Plasma price peaked at $1.6938 after its airdrop. It then plunged and reached a low of $0.8312.\u00a0<\/p>\n<p>There are signs that the coin has bottomed as it formed a double-bottom pattern at $0.8312. This is one of the most popular bullish reversal patterns in technical analysis.\u00a0<\/p>\n<p>It has formed a falling wedge pattern, which is also another highly bullish sign. Therefore, the token will likely have a strong bullish breakout, potentially to the psychological point at $1. A drop below the support at $0.8312 will invalidate the bullish view.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge.\u00a0 Summary Plasma\u2019s sharp price decline highlights a growing&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12610"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12610\/revisions"}],"predecessor-version":[{"id":12611,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12610\/revisions\/12611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11623"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}