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- The latest partnership of Plume has caused a bull sentiment behind the token
- Structure on a 1 -day chart and technical indicators supported other profits for a cloud
Blockchain compatible with EVM Plume [PLUME] is in the news today after it has been announced partnership With World Liberty Financial (WLFI), which is closely related to US President Donald Trump. The aim of this strategic partnership is to speed up the expansion of WLFi Stablecoin, USD1. In cooperation, USD1 will be integrated as a reserve asset of stablecoin on-chain-pusd.
This integration can create new ways for market participants who want to access financial opportunities in the real world (RWA) in the real world.
The announcement came late on the day of July 10. On Wednesday, July 2, the cloud increased by 17% per day. With the market ceiling of only $ 209 million, it would not take great capital to increase the price. Therefore, traders should be careful to call the top too early or try to shorten too early.
Plme will overturn $ 0.1 to support but was rejected in the June supply zone
Source: Plume/USDT on TradingView
Plume managed to break his 1 -day market structure. This break on the market structure occurred 1 July, highlighted white. While the one -day internal structure was bull, it should be noted that the token has been a trend south since May. In fact, his rocking structure remained bear.
To understand other resistance zones, the Fibonacci retracement level set has been carried out based on the movement of Plume in the last two months. The levels of 0.158 and $ 0.181 were $ 61.8% and 78.6% of retracements to be careful. Meanwhile, the bear order block from 10 June was tested as resistance on 2 July and faced the rejection of bulls.
But they don’t have to worry too long. Obvs have defeated its local maximum since June, which is a sign of greater demand in recent days. The volume columns of the volume volume have proved this fact. RSI also climbed above the neutral 50 to indicate the bull’s shift in momentum.
At the time of the press, indicators and price action in the area of the agreement were revealed that other profits may probably be in the coming weeks. Investors can bet on permanent recovery, while traders may seem to buy a cloud if traded over a psychological support of $ 0.1.
Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer
