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PLUME rises by 4865.84% over one month despite market fluctuations

PLUME rises by 4865.84% over one month despite market fluctuations

Bitget-RWA2025/09/18 12:38
By:CryptoPulse Alert

- PLUME surged 4865.84% in 1 month despite a 206.55% 24-hour drop and 810.66% 7-day decline. - Traders remain bullish on PLUME's long-term potential, supported by technical indicators showing critical support levels. - A backtesting strategy using moving average crossovers and RSI divergence aligned with PLUME's recent reversal after the 7-day correction. - The 3138.82% annual gain highlights PLUME's status as a high-volatility token attracting substantial capital inflows.

As of September 18, 2025,

experienced a sharp 206.55% decrease within a single day, bringing its value to $4.907. Over the past week, PLUME declined by 810.66%, but surged by 4865.84% in the last month and posted a 3138.82% increase over the past year.

PLUME, known for its high volatility, saw a remarkable price rally of 4865.84% in the last month, even after a significant drop within a day and a steep fall during the first week of this period. This price action points to a strong reversal pattern, with traders and investors showing confidence in the asset’s long-term outlook. Although there was a notable correction in the first 7 days, the subsequent recovery demonstrated the asset’s resilience, suggesting that important support levels attracted substantial buying interest and remained intact.

The impressive 3138.82% gain over the past year has positioned PLUME among the most active tokens in the market, reflecting solid interest from both long-term investors and tactical traders. The rapid 206.55% 24-hour drop has been widely interpreted as a liquidity-driven adjustment rather than a fundamental decline in the asset’s value, highlighting PLUME’s susceptibility to sharp short-term swings while still drawing significant capital.

Technical analysis indicates PLUME has stabilized at a crucial support zone following its recent decline. The drop during the 7-day period did not erase the strong monthly and yearly gains, and the swift rebound suggests persistent confidence among market players. Market participants are closely analyzing on-chain metrics and exchange activities to determine whether the recent volatility is being assimilated into the broader market trend.

Backtesting Strategy Hypothesis

To assess whether the recent price dynamics could be repeated, a tailored backtesting strategy was designed. This approach leverages technical indicators that were particularly significant during the reversal. The strategy utilizes two main tools: a crossover of short- and long-term moving averages, and divergence in the relative strength index (RSI). These indicators help identify possible inflection points in the price and provide guidance for trade entries and exits.

According to the strategy, a position would be initiated when a bullish crossover occurs—where a short-term moving average overtakes a longer-term one—accompanied by RSI divergence from recent lows, signaling a potential trend reversal. Exit conditions involve either a bearish crossover or the RSI reaching overbought levels.

Applying this method to historical data in backtesting has shown that it can align with actual price movements, especially in identifying the reversal following the 7-day downturn. While past results do not assure future outcomes, backtesting offers a structured way to evaluate the factors that may have contributed to the recent price recovery.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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