#美联储FOMC会议 $XPL's recent performance has indeed been less than ideal. Ever since it dropped below the key 0.4 level, the daily chart has been under constant bearish pressure, and the downtrend looks pretty fierce. In my personal opinion, instead of rushing in, it's better to wait until the daily downtrend is truly broken before considering an entry.
That being said, XPL isn't without its opportunities. Their team is making good progress on the PlasmaOne debit card project. If this actually launches, it could be a catalyst that changes overall market expectations. Once these kinds of real-world applications go live, they often attract a lot of new capital. If that happens along with a technical breakout, it could set the stage for a mean reversion rally in the token’s price—typically, such bottom reversals see gains of about 2-3x. The key is to wait for a clear signal before taking action.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
8
Repost
Share
Comment
0/400
Degentleman
· 12-09 20:42
Wait, I won't make a move until the PlasmaOne card is actually launched. Getting in at this point would just make me a bag holder.
View OriginalReply0
GateUser-78f48fcd
· 12-09 15:22
Taking off
View OriginalReply0
HashBandit
· 12-09 14:28
ngl back in my mining days i would've already dumped this at 0.4, but that plasmaone debit card thing sounds like actual utility... if it ships lol. anyway network adoption metrics >> price speculation, just saying
Reply0
SmartContractWorker
· 12-09 14:25
Wait, is PlasmaOne really about to launch? If this actually happens, XPL might really have a shot.
View OriginalReply0
GmGmNoGn
· 12-09 14:20
Wait, I'll only believe it when PlasmaOne is actually implemented. I've heard too many claims like this before...
View OriginalReply0
ImpermanentSage
· 12-09 14:16
Wait, can PlasmaOne really be implemented? Looking at their progress... it's a bit questionable.
View OriginalReply0
SadMoneyMeow
· 12-09 14:16
Let’s wait until PlasmaOne actually launches to talk about it. Saying 2-3x now is too optimistic.
View OriginalReply0
SignatureVerifier
· 12-09 14:01
look, plasmaone sounds good on paper but where's the actual audit trail? seen too many "game-changing catalysts" that never materialized... requires further validation before i'm convinced this isn't just another overpromise situation, ngl
#美联储FOMC会议 $XPL's recent performance has indeed been less than ideal. Ever since it dropped below the key 0.4 level, the daily chart has been under constant bearish pressure, and the downtrend looks pretty fierce. In my personal opinion, instead of rushing in, it's better to wait until the daily downtrend is truly broken before considering an entry.
That being said, XPL isn't without its opportunities. Their team is making good progress on the PlasmaOne debit card project. If this actually launches, it could be a catalyst that changes overall market expectations. Once these kinds of real-world applications go live, they often attract a lot of new capital. If that happens along with a technical breakout, it could set the stage for a mean reversion rally in the token’s price—typically, such bottom reversals see gains of about 2-3x. The key is to wait for a clear signal before taking action.