Plume (PLUME) Technical Analysis
Current Plume Price Overview
- Price: $0.09487
- 24h Change: +7.994%
- Market Cap: $242.62M
- Circulating Supply: 2.54B PLUME
Price Prediction Methodology
PLUME traders utilize technical indicators like RSI, Moving Averages, and MACD to forecast price trends. Key focus areas include:
- Support/Resistance Levels: Identify market reversals.
- Chart Patterns: Trend lines predict candlestick movements.
Key Indicators Breakdown
Relative Strength Index (RSI)
- 1-Week RSI: 0.00 (Bearish trend).
- Interpretation: Readings below 50 suggest oversold conditions.
Moving Averages (MAs)
- 1-Week MA: Neutral trend (50-MA below 200-MA, price above both).
MACD
- 1-Week MACD: Bearish (signal line below 50 periods, negative histogram).
Plume Fundamental Analysis
Fundamental drivers include:
- Supply/Demand: Circulating supply (2.54B) vs. market cap ($242.62M).
- On-Chain Metrics: Active addresses, transaction volume.
Price Influencers
- Adoption: Increased usage boosts demand.
- Whale Activity: Large sell/buy orders impact volatility.
- Regulations/News: Protocol updates or institutional interest.
Plume Price Forecast (2025 - 2029)
2025 Outlook
- Bullish Scenario: Breakthrough resistance at $0.09621 could target $0.12.
- Bearish Scenario: Support at $0.08533 must hold to avoid downtrend.
Long-Term Trends
- 2026-2029: Growth tied to ecosystem developments and broader crypto market trends.
FAQ
Q: What is Plume’s price range today?
A: Expected range: $0.08533 - $0.09621 (2 Jul).
Q: Is Plume a good investment for 2025?
A: Technicals suggest bullish potential, but always conduct independent research.
Q: What are Plume’s critical resistance levels?
A: Watch $0.09621; a break above may signal upward momentum.
Q: How does whale activity affect PLUME?
A: Large trades can cause significant price swings.
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Disclaimer
This analysis is for informational purposes only. Cryptocurrency investments carry risks; consult a financial advisor before making decisions. Past performance is not indicative of future results.