So, XPL went up. Big deal.
Apparently, someone bought some.
Okay, so 506.9 million tokens decided to be popular, and thankfully, people weren’t so keen on *selling* them – Netflow dropped. It’s called ‘accumulation’, darling. Look it up. 😉
Will it keep going up, or will everyone panic sell?
Lots of activity, a DMI of 26 (whatever *that* means), suggesting strength. But also, a Stochastic RSI saying “hold on a sec, things might get wobbly.” Honestly, just trying to decipher crypto charts gives me a headache. 😩
Plasma [XPL] did a little bounce – from a rather pathetic $0.86 to a slightly more respectable $1. That’s what AMBCrypto pointed out. Just managed to regain that $1 resistance, you know, like it was ever really lost.
Currently, it’s at $0.99. Practically a dollar! A whole 12.22% up in 24 hours. Someone’s excited. 🙄
Trading volume went up 70% to $4.2 billion. Which, let’s be real, probably just means a bunch of bots had a field day. Still, looks good on paper.
What caused this sudden outburst of enthusiasm for XPL? I honestly want to know too…
Someone, somewhere, actually wanted XPL
Apparently, the Spot market got a sudden craving for Plasma. Good for the Spot market, I guess. 🤷♀️
Coinalyze says 506.9 million tokens were bought against 497.13 million sold. A positive Buy/Sell Delta of 9.77 million. Ooh, fancy. Very bullish, apparently.
And apparently, people stopped sending XPL *to* exchanges for three days straight. Like, brick and mortar exchanges aren’t what they used to be anyway.
Netflow’s at -$19.35 million. Which means… more people are hoarding it. Makes sense. Everyone loves a little hoarding. 😈
Supposedly, less supply on exchanges means prices go up. Who knew? Economists, probably.
People are actually *using* it?
On-chain network usage exploded. Not literally, hopefully. 🔥
Dune Analytics says Daily Active Users went from 5.4k to 9.6k. That’s… a lot of active users. Or maybe just one very busy person with lots of wallets.
Cumulative Transactions hit 31 million. Impressive. Or terrifying. Depends on your perspective.
And get this – Stablecoin transactions went wild! Like a stag do in Vegas. 🎉
1.2 million Stablecoin Transactions and 34.7k Addresses. Apparently, the tokens need more friends.
A whopping $43.9 billion in Adjusted Transaction Volume! USDT leading the way with $3.4 billion. It’s a total money laundering operation, I’m sure of it. (Just kidding… mostly.)
All this activity is meant to be good for ‘liquidity’ and ‘developer participation.’ Sounds… complex.
But will it last? (Because, let’s be honest, probably not)
AMBCrypto thinks the recovery is because of demand *and* network strength. Groundbreaking analysis, honestly. 👏
The Directional Movement Index (DMI) went to 26. Still don’t understand what that means, but it sounds bullish.
But then the Stochastic RSI did a thing and now there’s potential volatility. Because crypto loves to keep us on our toes.
Currently trading within an ascending channel. Which sounds… comfortable? It’s all slightly pretentious isn’t it?
If this continues, we might see $1.07 again, potentially even $1.37. But if everyone gets cold feet, we’re back to $0.86. Don’t say I didn’t warn you. 🤷♀️
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2025-10-08 07:10