PLUME crypto gathers steam for recovery with 28% gains since Monday – Details
2025-07-04 05:34:37
Main Idea
Plume (PLUME) cryptocurrency shows signs of recovery with a 28% gain since Monday, bolstered by a partnership announcement with World Liberty Financial (WLFI) to integrate the USD1 stablecoin into Plume's on-chain stablecoin, pUSD.
Key Points
1. Plume announced a partnership with WLFI to integrate the USD1 stablecoin as a reserve asset for its on-chain stablecoin, pUSD, enhancing access to institutional-grade real-world asset (RWA) finance opportunities.
2. Following the announcement, PLUME's price surged by 17% on 02 July, with a market cap of $209 million, indicating potential for further price increases with relatively low capital.
3. PLUME broke its 1-day market structure on 01 July, with key retracement levels at $0.158 and $0.181, and faced resistance at a bearish order block at $0.123 on 02 July.
4. The On-Balance Volume (OBV) indicator showed increased demand, and the Relative Strength Index (RSI) suggested potential for further recovery, with $0.1 acting as a psychological support level.
5. Traders and investors are advised to monitor PLUME's performance above the $0.1 support level for potential buying opportunities.
Description
The WLFI partnership announcement bolstered bullish market sentiment for PLUME.
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