🔥 Key Takeaways
- Plasma (XPL) price surges 15% in 24 hours to trade near $0.17.
- Over 30 exchanges now support USDT on Plasma, with daily CEX transfers reaching 40,000.
- The Plasma Card has recorded a daily volume of $10,000.
- Framework Ventures backs Plasma in a $20 million funding round.
- Technical charts indicate $0.20 resistance and $0.15 support levels.
Plasma Price Prediction: XPL Price Skyrockets 15% in 24 Hours
The Plasma (XPL) price has witnessed a significant surge, increasing by 15% in the last 24 hours to trade near $0.17. This sudden price jump can be attributed to several positive developments in the Plasma ecosystem. Notably, over 30 exchanges now support USDT on Plasma, with daily CEX transfers reaching an impressive 40,000.
Plasma Card Sees Increasing Adoption
The Plasma Card, a key component of the Plasma ecosystem, has recorded a daily volume of $10,000. This growing adoption of the Plasma Card is a testament to the project’s potential and increasing user interest. Furthermore, Framework Ventures, a prominent venture capital firm, has backed Plasma in a $20 million funding round, demonstrating confidence in the project’s future prospects.
Technical Analysis: Resistance and Support Levels
From a technical standpoint, the Plasma price chart indicates a resistance level at $0.20 and a support level at $0.15. As the price continues to rise, it is likely to encounter resistance at $0.20. However, if the price breaks through this level, it could potentially lead to further gains. Conversely, if the price falls, the support level at $0.15 is expected to hold, preventing a sharp decline.
Will Plasma Price Continue to Rise in 2026?
Considering the recent developments and technical analysis, it is possible that the Plasma price may continue to rise in 2026. The growing adoption of the Plasma Card, increasing exchange support, and backing from prominent investors all contribute to a positive outlook for the project. However, as with any cryptocurrency, it is essential to conduct thorough research and consider multiple factors before making any investment decisions.
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