PLUME crypto gathers steam for recovery with 28% gains since Monday – Details

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.