PLUME +1318.37% in 24 Hours on Strong Price Recovery and Market Sentiment

PLUME surged by an extraordinary 1318.37% in 24 hours on SEP 10 2025, reaching $4.707. This dramatic rally extended a robust upward trend, with the token rising 4136.59% over the past 7 days, 4290.02% over the last month, and 2629.9% year-to-date. The rapid price ascent has reignited investor interest and drawn attention to the token’s fundamental performance and technical indicators, suggesting a continuation of bullish momentum.

Technical analysis highlights a strong alignment of key indicators supporting the recent PLUME rally. The RSI stands within overbought territory, a sign of sustained buying pressure, while the MACD remains above its signal line, signaling an ongoing bullish trend. Additionally, the 50-day and 200-day moving averages have crossed into a positive alignment, reinforcing the likelihood of further price appreciation.

The on-chain data reflects growing confidence in PLUME’s trajectory, with increasing transaction volumes and a marked reduction in large sell orders. Network activity has also shown a steady uptick, indicating heightened utility and adoption. While short-term volatility remains a possibility, the broader trend appears well supported by both on-chain and technical signals.

Backtest Hypothesis

A proposed backtesting strategy seeks to validate the potential for continued PLUME outperformance by using the 50-day and 200-day moving averages as primary decision signals. The strategy involves entering long positions when the 50-day moving average crosses above the 200-day moving average, and exiting when the opposite occurs. This method aims to capture the ongoing bullish trend while mitigating exposure during potential short-term corrections.

The backtest would incorporate stop-loss and take-profit levels to manage risk, ensuring that gains are preserved while limiting downside exposure. By applying this strategy to historical PLUME data, analysts aim to assess its viability for current market conditions and evaluate its effectiveness in sustaining returns amid evolving price dynamics.