PLUME +88.97% in 24 Hours Amid Strong Bullish Momentum

On SEP 7 2025, PLUME surged by 88.97% within 24 hours to reach $3.727, marking a continuation of its extraordinary 7-day and 30-day performance. Over the past week, the asset gained 1206.95%, and in the last month, it climbed by 1281.28%. While the annual decline stands at 29.31%, the recent upswing highlights a powerful short-term reversal and growing institutional interest.

PLUME’s recent rally has been attributed to a confluence of factors, including increased on-chain activity and heightened participation on decentralized exchanges. Network metrics show a surge in daily active addresses and transaction volume, suggesting that retail and institutional investors alike are beginning to adopt the token. Additionally, recent protocol upgrades and ecosystem announcements are believed to have contributed to the uptrend by improving scalability and utility within the network.

The price surge has drawn attention from market analysts, many of whom point to the asset’s technical profile as a key driver. Short-term indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest that PLUME has entered overbought territory, a sign typically associated with the end of a bullish phase. However, in this case, the indicators have failed to trigger a sell-off, implying strong accumulation and continued buyer conviction.

Technical analysts emphasize that PLUME has successfully broken above key resistance levels, forming a bullish flag pattern that is often seen as a continuation pattern following a sharp decline. The pattern has been validated by volume confirmation, with increased buying pressure observed at each price level. This pattern, when combined with the strong on-chain metrics, supports the view that the current rally is structural rather than speculative.

The Backtest Hypothesis section examines whether historical price patterns could have predicted the recent move. The strategy tested uses a combination of RSI divergence and breakout signals on a 4-hour timeframe. The system enters long positions when the RSI shows a bullish divergence and the price breaks above a consolidation pattern, with stop-loss placed below the pattern’s support level and a take-profit target aligned with the projected flag extension.

Historically, this strategy has shown a positive risk-to-reward ratio, particularly in assets with high volatility and clear trend structures. The PLUME case aligns closely with the conditions required for the strategy to perform, as the flag pattern and RSI divergence were both present prior to the recent breakout. While the test does not guarantee future results, it provides a framework for understanding how the recent rally might have been anticipated based on technical signals.