PLUME experienced a 463.51% drop in the past 24 hours as the market underwent significant turbulence

On September 11, 2025, PLUME experienced a sharp decline of 463.51% over a 24-hour period, dropping to $4.858. However, within seven days, its value surged by 4120.91%, followed by a 4576.42% increase over the past month, and an overall rise of 2883.03% in the last year.

The recent price swings in PLUME have captured significant market attention, driven by its drastic one-day fall and the subsequent swift rebound. This token’s price behavior underscores the high volatility often seen in certain areas of the cryptocurrency market. Although the 463.51% daily plunge was substantial, the rapid 7-day surge of 4120.91% implies that market participants quickly regained confidence after the correction.

Technical analysis of PLUME’s market moves confirms this volatility. Experts suggest that the recent drop was likely due to a combination of traders taking profits and shifts in overall market mood, rather than any substantial change in the project’s fundamentals. Such short-term swings are not uncommon in speculative digital assets and do not automatically signal a prolonged downturn.

Backtest Hypothesis

A backtesting approach has been applied to PLUME to evaluate how similar past scenarios might have played out. The tested method makes use of major technical tools like moving averages and relative strength index (RSI) to help spot when the asset is overbought or oversold. Historical patterns indicate this approach can yield different outcomes depending on market conditions, but it is designed to take advantage of price recoveries after sharp declines by entering trades after a clear low point has been identified.

According to this method, a long position is initiated after a 50% price drop within a day and a confirmed reversal on the RSI, with a stop-loss placed at the next notable support. The strategy is based on past instances where tokens faced steep losses followed by quick recoveries, as illustrated by PLUME. It is meant for short-term trading and tactical moves, not as a long-term investment plan, and relies on specific, measurable signals for execution.