XPL token forms a falling wedge pattern with limited post-unlock sales, eyeing a breakout above $0.085.

Plasma's native token XPL is stabilizing around $0.072 while forming a falling wedge pattern, signaling a potential price reversal. After a major token unlock in late September, about 70% of the unlocked 1.67 billion tokens remained unmoved, indicating limited selling pressure. Traders are watching for a breakout above the $0.080–$0.085 resistance zone to confirm bullish momentum toward a target of $0.125. However, a drop below $0.070 could extend the downtrend. Monthly token unlocks will continue through September 2028, adding supply to the market.

As of Oct 28, 2026 02:51 WIB, XPL trades at Rp1.337 on Pluang, showing a 1.21% increase over the past day. The token's market cap stands at Rp6,38 trillion with a 24-hour trading volume of Rp1,06 trillion. Pluang users currently favor buying XPL, with 56% of order activity on the buy side, while typical holders keep their tokens for about 31 days.