Plasma team dumps $9.64M tokens amid price rise; XPL faces potential further decline below $0.06.

Despite a 9.5% price increase to $0.068, Plasma's XPL token faces bearish pressure as the team sold 150 million tokens worth $9.64 million to Binance, signaling potential sell-off. Top holders also reduced their stakes by 20%, while traders show some bullish bets. XPL recently fell below a key support at $0.07020 and remains under the 200-day EMA, suggesting weak momentum. If XPL fails to reclaim $0.07020, further declines, especially below $0.06, are likely.