PLUME surges by 92.92% within 24 hours as technical indicators point to a reversal

On September 24, 2025, PLUME experienced a dramatic 92.92% jump in just one day, reaching $4.241, even though it had declined by 892.28% over the previous week. Over the last month, the token has soared by an impressive 2770.58%, and it has climbed 1286.97% over the past year. These significant price swings have brought increased focus to the token’s technical patterns, especially following recent corrections and emerging signs of a possible trend reversal.

This sharp 24-hour upswing represents a strong rebound for PLUME after it suffered a nearly 900% drop the week before. Market observers have pointed out that the token has repeatedly found support at crucial levels in recent trading cycles, which may indicate that downward pressure is waning. The combination of these technical signals and the notable gains over the last month and year suggests that PLUME could be at the beginning of a larger recovery phase.

Technical analysis tools have highlighted potential reversal formations. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have diverged from recent price lows, a pattern that often signals a shift in trend direction. The RSI has hovered near oversold territory, a situation that typically attracts buyers. At the same time, the MACD has moved into positive territory, further supporting the likelihood of improving market sentiment.

Backtest Hypothesis

A backtesting approach was implemented to assess how well these technical indicators could identify entry points for long trades in PLUME. The method centers on detecting bullish RSI divergence and MACD crossovers as main signals. When the RSI displays a bullish divergence (the price hits a new low but the RSI does not) and the MACD crosses above its signal line, a long trade is opened. Stop-loss and take-profit targets are determined by recent support and resistance levels, with a maximum holding period of 14 days. Historical analysis using this strategy revealed a favorable risk-to-reward profile, especially in the volatile conditions where PLUME has often traded.