Plasma’s XPL token fell 10.22% over 24 hours to around $0.06335, while spot trading volume declined 22.35% to $102.48 million. Investigations identified possible links between addresses involved in November liquidations and April traders, without proving common ownership or control. Open Interest dropped 15.82% to $171.42 million and derivatives trading volume fell 8.78% to $203.62 million, indicating traders’ retreat from leveraged exposure. The Open Interest-weighted funding rate turned negative at -0.0019%, reflecting a limited bearish imbalance in perpetual futures. The MACD confirms the bearish trend, while the RSI stands at 34.07, near oversold territory, making $0.0600 the decisive support for XPL’s next move.
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