#plasma $XPL @Plasma XPL The current trend is really frustrating. The price is struggling around $0.13, compared to the high of nearly $1.7 last September; it feels like a knee-jerk reaction. On the daily chart, it looks like a rounded bottom, but the key is whether it can hold above the $0.18 resistance level of the 50-day moving average. Below, $0.115 is an important support level; if it breaks, it may have to explore further down.

In the short term, it's a pattern of sideways consolidation, repeatedly bouncing between $0.11 and $0.18. Although the 8-hour RSI shows oversold, theoretically, it should rebound, but the overhead moving averages are pressing down heavily, indicating strong selling pressure; don't rush to catch the bottom. Greater pressure is still ahead—this July, as many as 2.5 billion tokens will be unlocked, which is a quarter of the total supply, like a sword hanging over our heads. Before that happens, it will be difficult for the market to show significant improvement.