* XPL crashes to a new all-time low, reflecting severe selling pressure.
* A breakdown below support could send XPL’s price toward $0.099.
* If buyers defend support, a recovery toward $0.49 at the 0.236 Fib
Plasma (XPL) has suffered a dramatic downturn, crashing over 81% from its peak to a new all-time low.
The token’s persistent decline reflects fading market confidence and heavy selling pressure across small-cap altcoins.
At the time of writing, XPL’s price is swinging around $0.31, just above a critical support zone of around $0.25. A clear break below this level could expose the token to deeper losses.
Can the altcoin recover above the $0.34 resistance level? Will bears continue to outpace bulls?
Plasma Coin Dips
Examining the XPL’s price action, the Chaikin Money Flow (CMF) on the 4-hour chart currently stands at -0.27, indicating strong capital outflows and weak buying activity.
This deep negative reading confirms that sellers still control the market, with little evidence of rising inflows or buying interest.
Likewise, the Relative Strength Index (RSI) has dropped to 23.15, pushing deep into the oversold region near 20.
Historically, such low RSI readings precede short-lived relief rallies as sellers lose momentum and speculative buyers accumulate.
If there’s no rise in market demand and fresh buy pressure, the altcoin could slip further below its key support levels.
XPL Price Analysis: Bearish
On the daily chart, XPL’s Money Flow Index (MFI) shows sustained bearish momentum.
At 43.60, the indicator remains below the neutral zone, and despite a slight upward tilt toward 50, the token still displays weak buying strength.
XPL’s price has printed multiple red candlesticks, signaling continued downside pressure toward the $0.25 support.
This indicates that sellers remain firmly in control, and any rebound toward 50 could be short-lived unless stronger inflows appear.
The Bull Bear Power also paints a similar picture. The indicator has printed consecutive red histogram bars below the neutral threshold.
However, the bars are gradually shortening, hinting at waning bearish momentum. While this does not confirm a reversal, it suggests that selling pressure may be easing as the price nears the $0.25 support zone.
A closer look at the Fibonacci retracement reveals where XPL’s price might head next. The altcoin trades at $0.31, below the 0.236 Fib level, with the latest red candle signaling a move toward its next support zone at $0.25.
Further declines could push prices toward the Fib level, aligning with its all-time low at $0.30.
However, if XPL successfully defends its next support area — where buyers re-enter — the token could attempt a relief rally toward the 0.236 Fib level at $0.49.
A close above this threshold could pave the way for a broader recovery, targeting the next resistance zone and signaling renewed market confidence.
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