Plasma: Despite a 5% dip, why XPL is poised to reach $1

Recently, XPL experienced a 5% decline largely due to $30 million in Open Interest outflows and bearish trader sentiment. However, strong interest totaling $5.9 million in purchases indicates potential recovery possibilities.

The Chaikin Money Flow remains bullish at 0.07, signaling increasing buying activity. As XPL is trading within a bullish triangle pattern, sustaining this momentum is crucial for targeting the $1 mark.