$PLUME /USDT is showing short term strength, but the structure is still uncomfortable if you zoom out even a little. Price at 0.01983 has pushed close to the 24h high after a sharp bounce from 0.01757, backed by strong volume. That tells you buyers are active, not just drifting in. However, price is still below the EMA 25 at 0.02009, which is a key problem. Until PLUME can hold above that level on a closing basis, this move looks more like a reactive bounce than a clean trend reversal. The EMA 7 sitting below price supports short term momentum, but it is not enough on its own.
The bigger concern is the gap between current price and the EMA 99 at 0.05063. That distance usually means one of two things: either the coin is deeply undervalued or the market has already voted against it for a reason. Long term sellers are still very much in control, and any rally into the 0.020 to 0.025 zone risks running straight into supply. Volume is elevated, but it is not expanding aggressively compared to recent averages, which raises the risk of this move stalling rather than breaking out.
In simple terms, $PLUME is tradable but not trustworthy yet. Bulls need a clean reclaim of 0.020 and ideally a push toward 0.025 with sustained volume to change the narrative. If price slips back below 0.018, this bounce will likely be remembered as noise, not a signal. Right now, this chart rewards speed and discipline, not conviction.
