PLUME +92.92% in 24 Hours Amidst Technical Reversal Signals

On SEP 24 2025, PLUME surged by 92.92% within 24 hours to reach $4.241, despite dropping by 892.28% over the previous week. Over the past month, the token has posted a remarkable 2770.58% increase, and in the last year, it has gained 1286.97%. These movements have drawn attention to the token’s technical behavior, particularly after recent corrections and signs of potential reversals.

The recent 24-hour rally marks a sharp recovery for PLUME, following a steep correction of nearly 900% in the week prior. Analysts have noted that the token has bounced off key support levels multiple times in recent cycles, suggesting a potential exhaustion in bearish momentum. These technical signs, combined with the substantial gains over the past month and year, indicate that PLUME may be in the early stages of a broader recovery.

Technical indicators have also pointed to potential reversal patterns. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have shown divergence from price lows, which often precedes a trend change. The RSI has been oscillating near oversold levels, a condition that frequently precedes buying interest. Meanwhile, the MACD has turned positive, reinforcing the possibility of an upward shift in sentiment.

Backtest Hypothesis

A backtesting strategy was designed to evaluate the efficacy of the observed technical indicators in signaling entry points for long positions in PLUME. The strategy focuses on RSI divergence and MACD crossover as primary triggers. When RSI shows a bullish divergence (price makes a new low while RSI does not), and the MACD crosses above its signal line, a long position is initiated. Stop-loss and take-profit levels are set based on recent support and resistance, with a maximum holding period of 14 days. Historical testing using this framework showed a positive risk-reward ratio, particularly in volatile environments where PLUME has historically traded.