Plasma (XPL) is currently trading at $0.7018, down 6.86% over the last 24 hours. Trading volume fell sharply to $775.24 million, marking an 86.41% decline as investor confidence wanes. Over the past week, XPL has lost 20.48%, deepening concerns about its short-term trajectory.

The decline highlights the ongoing uncertainty across mid-cap altcoins, with traders remaining cautious amid global crypto market corrections. Despite the pullback, speculative sentiment persists as some investors eye potential technical rebounds in the days ahead.
Crypto analyst Ez Money expressed cautious optimism, noting that a “little pump” could emerge once the token consolidates between $0.68 and $0.73. The analyst confirmed holding a long position, planning to add more exposure within that price zone.
He projected target levels between $1.00 and $1.60, suggesting that while short-term volatility and potential liquidations may occur below $0.70, the broader technical setup could support a mid-term recovery. Ez Money also warned traders against setting overly tight stop losses, citing expected short squeezes and brief downward wicks in the coming sessions.
This sentiment has led to mild optimism among community traders who see the current dip as a potential accumulation phase rather than a structural breakdown.

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According to DigitalCoinPrice, Plasma could reclaim the $1.53 mark before the end of 2025, with a possible retest of its previous all-time high at $1.68. The forecast suggests a trading range between $1.39 and $1.53, signaling gradual stability and renewed investor interest in the project.
However, Coincodex’s October 2025 outlook paints a more cautious picture. Analysts predict a continued downward bias, estimating a monthly trading band between $0.507 and $0.722 and an average price of $0.575, representing a potential 23.75% decline from September. Despite this, short-term traders may find opportunities for returns up to 27.51% if volatility remains elevated.
As the market adjusts, investors are advised to monitor volume trends and consolidation signals closely. Whether Plasma XPL rebounds or extends its losses will likely depend on broader market sentiment and its ability to maintain the critical $0.68–$0.73 support range.
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