Plasma (XPL) crypto has been one of the worst performers in the entire market. Since launch, it pumped once and then just kept bleeding out. The chart never found a bottom, and now it has hit a new low around 0.30.
It has become a regular name on the top losers list every week. One frustrated investor even said, “Plasma’s team might be the most incompetent I’ve seen in all my crypto years.”
His reasoning? XPL keeps crashing daily, with no visible effort from the team to stop the decline or rebuild confidence. The price is down nearly 80%, and yet they are still dropping “trillions” comments under posts like nothing happened.
To be fair, the team cannot magically fix the chart overnight, but they are at least still building. They recently launched Plasma One, an all-in-one financial app that includes the upcoming Plasma Card. Still, not everyone is impressed; critics called it unoriginal and said it feels like another copy-paste fintech project.
Plasma team might be the most incompetent team I've observed in all my crypto years. XPL nuking day after day with zero attempt to stop the bleed and instill confidence back in the token. Price is down 80% and they're still commenting "trillions'" under posts..
— CoinMamba (@coinmamba) October 30, 2025
What Could Fix This Mess? Plasma (XPL) Crypto Chart Still Looks Rough
Interestingly, Plasma’s total value locked (TVL) has been holding steady around 4 billion for a while now. It is still down about 20 percent since the October 10 crash, but activity has not completely died off. The network is still pulling in around 40 million in DEX trading volume on average, which shows there is at least some consistent use despite the price drop.
XPL is still deep in a downtrend, trading below the 200 EMA and getting rejected every time it tries to climb back above it. The short-term EMAs are lined up bearishly, showing that sellers are still fully in charge.
Every small bounce gets sold off fast, so momentum is clearly against the bulls. The recent drop under 0.32 signals another leg lower forming, and unless buyers can reclaim 0.35 with solid volume, the trend stays bearish.
The supertrend indicator flipping red also backs this continued weakness. For now, the setup looks rough and could retest the 0.28–0.30 zone before any real recovery even starts.
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Key Takeaways
- Plasma (XPL) is still in a brutal downtrend, trading well below key EMAs with sellers completely in control. Momentum remains bearish unless buyers can reclaim 0.35 with strong volume.
- Despite the price drop, Plasma’s TVL is holding around 4 billion with steady DEX volume, hinting that the ecosystem is still active even as confidence fades.
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