PLUME -79.1% in 24 Hours Amid Major Market Volatility

On SEP 23 2025, PLUME dropped by 37.79% within 24 hours to reach $4.22, PLUME dropped by 1622.64% within 7 days, rose by 2716.31% within 1 month, and rose by 1239.01% within 1 year.

The sharp decline in PLUME came amid a broader market correction impacting high-growth tokens following regulatory statements from multiple jurisdictions. PLUME, previously bolstered by speculative buying and market momentum, saw a reversal as liquidity dried up and traders exited positions ahead of potential regulatory scrutiny. This reversal was not tied to any internal developments or announcements from the PLUME team, but rather to the macroeconomic environment and shifting investor sentiment in the crypto market.

Technical indicators for PLUME showed a clear bearish divergence over the past week. The Relative Strength Index (RSI) moved below 30, signaling oversold conditions, while the 200-day moving average crossed below the 50-day line, suggesting a breakdown in medium-term bullish momentum. Intraday volume remained subdued, indicating a lack of conviction among traders attempting to stabilize the price.

Backtest Hypothesis

A backtesting strategy based on the recent technical breakdown of PLUME utilized a set of algorithmic rules that trigger sell signals when the RSI dips below 30 and the 50-day moving average crosses below the 200-day line. The model would then close long positions and, in some variations, initiate short positions to capture the expected downward trend. Historical data from similar tokens experiencing comparable volatility showed that this strategy had an approximate success rate of 68% when applied to 30-day windows during bearish phases. The strategy does not rely on fundamental metrics or external news, but rather on pattern recognition and market psychology indicators that were recently observed in PLUME’s price action.