PLUME +92.11% in 24 Hours Amid Volatile Short-Term Movement

On SEP 22 2025, PLUME surged by 92.11% within 24 hours to reach $4.262, reflecting a sharp rebound after a significant decline in the preceding week. The coin saw a 1513.41% drop within seven days, followed by a 2882.12% increase over the past 30 days and a 1385.56% gain over the last year, highlighting its intense price volatility. Recent developments suggest that the short-term rally may be driven by renewed on-chain activity and growing interest in its ecosystem.

PLUME has been the subject of increasing on-chain engagement in recent weeks, with a notable rise in active wallets and transaction throughput. The uptick in usage correlates with the introduction of a new governance mechanism, which allows token holders to participate in key decision-making processes. This shift has been seen as a structural enhancement, potentially boosting long-term adoption and utility. Additionally, PLUME’s technical infrastructure has seen updates that improve transaction finality and reduce latency, factors that may have contributed to the recent price action.

Technical indicators show a rapid shift in momentum for PLUME, with the RSI and MACD both signaling a short-term reversal following the recent sharp decline. The price has moved above a key moving average, which some traders interpret as a potential resumption of bullish momentum. However, the weekly data remains mixed, with the 7-day loss still representing a substantial correction that could continue to influence sentiment in the near term.

Backtest Hypothesis

A proposed backtesting strategy for PLUME focuses on identifying and acting on short-term reversals using a combination of momentum indicators and price-volume dynamics. The strategy employs a dual-signal entry system based on the crossing of the RSI and the 20-day EMA. When the RSI crosses above 30 and the price moves above the EMA, the model triggers a long entry. The strategy assumes a holding period of up to seven days, with a stop-loss placed at a fixed percentage below entry and a take-profit level based on a trailing stop. This approach aims to capture quick, high-impact moves while mitigating exposure during extended drawdown periods.