PLUME Crypto Surges 28% in 3 Days – Is This the Start of a Major Rally?

PLUME shakes off the crypto winter blues with a blistering 28% rebound since Monday—while Bitcoin struggles to hold $60k. Meme coin or legit contender? The charts don't lie.

Breaking Down the Rally

No fancy fundamentals here—just pure price action. PLUME's volume spike coincides with renewed retail interest in altcoins, though institutional money remains glued to ETH ETFs (naturally).

Technical Takeaway

The breakout above key resistance at $0.014 signals potential for further upside. Shorts got liquidated—again—proving crypto markets still punish the overleveraged faster than a Wall Street bonus clawback.

Bottom Line

Whether this is sustainable growth or just another crypto casino rotation remains to be seen. But for traders riding the wave? A 28% gain beats 0% in your bank's 'high-yield' savings account.

PLUME flips the $0.1 level to support, but was rebuffed at June’s supply zone

Source: PLUME/USDT on TradingView

Plume managed to break its 1-day market structure. This market structure break occurred on 01 July, highlighted in white. While the 1-day internal structure was bullish, it must be noted that the token has been trending south since May. In fact, its swing structure has remained bearish.

To understand the next resistance zones, a set of Fibonacci retracement levels was plotted based on PLUME’s swing MOVE over the past two months. The $0.158 and $0.181 levels were the 61.8% and 78.6% retracement levels to watch out for. In the meantime, the bearish order block at $0.123 from 10 June was tested as resistance on 02 July, and Plume bulls faced rejection here.

They need not be worried for too long though. The OBV beat its local high from June, a sign of greater demand in recent days. The trading volume bars attested to this fact. The RSI also climbed above neutral 50 to indicate a bullish shift in momentum.

At press time, the indicators and the price action of Plume were in agreement and revealed that further gains may be likely in the coming weeks. Investors can bet on a sustained recovery, while traders can look to buy PLUME so long as it trades above the psychological $0.1 support.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion