- The 24-hour trading volume of the Plexus crypto has increased by 50%.
- Plexus’s price has dropped by 70% from its all-time high.
According to the Plexus (PLX) price chart, the price has witnessed strong selling pressure and the price has dropped by approximately 70% in the past 2 months. The PLX price has shown a sharp fall with small pullbacks.
In December, the Plexus price tried to sustain the 20-day moving average but sellers pulled the price below the EMA in a few hours. The PLX price has been struggling to sustain the 20-day EMA for the last two months.
The RSI is at 36 which is continuously recovering from the oversold zone, indicating buyers’ interest. The PLX price is trading below the significant moving average which showcases bearish momentum.
The Plexus crypto is trading at $0.012 with an intraday loss of 1.54%. Plexus’ current price prediction predicts a drop of -5.40% and a price of $ 0.011532 by February 3, 2024. Our technical indicators indicate that the current sentiment is bearish, and the Fear & Greed Index is 55 (Greed). The last 30 days have seen Plexus record 11/30 (37%) green days and 9.44% price volatility. Our forecast indicates that now is not the best time to buy Plexus.
Technical Analysis of Plexus Price Over 1-D Timeframe
On a daily timeframe, the Plexus price has dropped rapidly as displayed on the chart. Recently, the PLX price tried to sustain near the 20-day moving average but sellers are in control which resulted in a negative sentiment.
If the Plexus price manages to sustain the 20-day moving average, buyers may show their interest and the price may perform positively for the next few weeks. On the other hand, the PLX price is heading toward an all-time low.
Plexus Price Forecast for Tomorrow and Next Week
| Date | Price | Change |
| Jan 30, 2024 | $0.0121 | 0.00% |
| Jan 31, 2024 | $0.0137 | 12.83% |
| Feb 01, 2024 | $0.0130 | 7.09% |
| Feb 02, 2024 | $0.0123 | 1.20% |
| Feb 03, 2024 | $0.115 | -5.40% |
| Feb 04, 2024 | $0.122 | 0.15% |
| Feb 05, 2024 | $0.130 | 7.06% |
The Plexus price forecast for the next 30 days is estimated using the positive/negative trends from the past 30 days. Plexus‘ projections predict that PLX will change hands at $ 0.013051 on February 5, 2024, resulting in a 7.06% gain.
Plexus Price Prediction FAQs
What is the PLX price forecast today?
The PLX price is forecasted to drop by 3.90% to reach $0.0118 by today.
What is the PLX price prediction for tomorrow?
According to our analysis, the PLX price will fall by 7.42% to reach $0.0114 by tomorrow.
What is the current Plexus sentiment?
The current Plexus price prediction sentiment is strong and bearish.
What is the Plexus price prediction for 2024?
Plexus is expected to trade between a range of $0.010837 and $0.023974. Reaching the upper price target could result in the price of PLX increasing by 97.14% and reaching $0.023974.
Summary
Based on the technical analysis and price forecast, it seems that the Plexus price is currently experiencing a bearish trend. The price has dropped significantly from its all-time high, and the current sentiment remains negative. However, there is still a chance for the price to recover if it manages to sustain near the 20-day moving average.
Technical levels
Resistance: $0.0145 & $0.0200
Support: $0.0120 & $0.0110
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.