Plume (PLUME) Dips 5% Amid Correction, Analysts Split on Outlook

The recent price action of Plume Network’s native token, PLUME, reveals a classic case of market indecision. Despite a weekly gain of 24.7%, the token dipped 5.02% to $0.1239 in the last 24 hours, accompanied by a significant 27.19% surge in trading volume to $91.62 million. This volume spike suggests heightened investor interest, yet the price decline indicates profit-taking or growing caution. Crypto analyst Chris Md has identified a completed five-impulse Elliott Wave pattern, which peaked around $0.1450, signaling the start of a potential ABC correction phase. This technical pattern often precedes a period of consolidation or downward movement as the market digests recent gains.

Key support levels are now under scrutiny, with immediate thresholds at $0.1330 and $0.1304, and more critical supports at $0.1250, $0.1200, and $0.1150. The Relative Strength Index (RSI) reading of 45 is weakly neutral, indicating a balance between buying and selling pressure but with a slight lean toward weakening momentum. Traders are advised to monitor these levels closely, as a break below $0.1200 could trigger accelerated selling toward $0.1150, while holding above $0.1250 might pave the way for a rebound toward $0.1400 or even $0.1450.

The outlook for PLUME is sharply divided among analysts, reflecting the broader uncertainty in the cryptocurrency market. DigitalCoinPrice offers an optimistic forecast, projecting that PLUME could surge to over $0.25, potentially reaching $0.27 by December 2025. This bullish scenario is predicated on growing investor confidence and increased trading activity, possibly driven by developments within the Plume Network ecosystem, such as the recent investment by YZi Labs to advance the RWAfi (Real World Asset finance) infrastructure.

In contrast, Coincodex presents a more cautious view, predicting a correction to approximately $0.100207 by September 2025, within a trading range of $0.088183 to $0.125538. This bearish perspective underscores concerns about market volatility and the potential for a deeper pullback. The stark divergence between these predictions underscores the high-risk, high-reward nature of cryptocurrency investments, where sentiment and technical indicators can shift rapidly based on market dynamics and external factors.

The $0.1250 to $0.1200 support zone has emerged as a critical battleground for PLUME’s short-term trajectory. This range represents a confluence of technical and psychological levels where bullish and bearish forces are likely to clash. For optimists, a hold above this zone could validate the recent weekly gain and set the stage for a renewed upward move, leveraging the increased trading volume as a sign of underlying strength. For pessimists, a break below $0.1200 would confirm the correction narrative, potentially leading to a test of lower supports and dampening the bullish outlook.

Traders and investors should also keep a close eye on exponential moving average (EMA) levels, as these will likely dictate the short-term trend direction. The neutral RSI at 45 suggests that the market is not overbought or oversold, providing room for movement in either direction. Additionally, the surge in trading volume to $91.62 million indicates active participation, which could amplify price swings depending on whether buyers or sellers dominate the action around key levels.

As the fourth quarter approaches, the performance of PLUME will hinge on its ability to maintain these critical supports. Developments within the Plume Network, such as partnerships or technological advancements, could also influence sentiment. For now, the token remains a focal point for those betting on the growth of real-world asset tokenization, but caution is warranted given the mixed signals from both technical analysis and market forecasts.