Plume Price Drops 18% As Flockerz Offers Last Chance To Buy

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The Plume price dropped 18% in the last 24 hours to trade at $0.1450 as of 3.50 a.m. EST on trading volume that dropped 49% to $148.41 million.

Despite its 24-hour drop, the PLUME price has still seen a strong increase after going live earlier this week. The project emerged on Monday with a price of $0.1231, which initially dropped below $0.10, only to quickly skyrocket to beyond $0.20 within 24 hours.

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This resistance ended up rejecting it several times on Wednesday, Jan. 22, resulting in a price drop to $0.15. The price then made another attempt to reach $0.20, but it was cut short by the time the token climbed to $0.18, knocking it back down to $0.1450.

Plume Price Prediction

Following the token’s launch and its initial surge, Plume saw its Bollinger Bands widen quite sharply. However, as it reached its all-time high (ATH) at $0.2117 on Jan. 22, the bands have started narrowing more and more.

The price spent most of its first two days fluctuating between the upper band and the middle line between the bands, but once the price started getting rejected, the price action found a new home between the middle line and the lower band.

It did not push the lower band further down, however, at least not after the initial drop. Instead, it was mostly trading sideways with small fluctuations, and the bands started growing closer together around it, suggesting growing uncertainty about the token.

Plume’s Relative Strength Index (RSI) shows that the project saw a great initial surge that took it nearly to the value of 90, deep in the overbought zone. This was when the price hit its all-time high, causing the traders to start the selloff.

They stopped once the RSI dropped to the value of 50, however, which suggests that market participants expected the price to rebound, and for a time, it did. A new wave of purchases pushed the RSI back toward the overbought zone, although it never reached it.

Instead, it started a drop that took it to the oversold zone, to the value of 30. Since then, the price saw one more notable increase and has since been trading between the oversold zone and the neutral zone, bouncing up and down from 30 to 50.

This suggests that traders are in control, pumping the Plume price just enough to make a small profit when they start selling, but they are not interested in pushing it further up, possibly because they believe that Plume is unlikely to go back up to $0.20 for the time being.

Promising Alternative To Plume

For now, Plume remains relatively stable, without giving any sign of an upcoming surge. Instead, traders and investors are focusing on Flockerz (FLOCK) — a new bird-based meme coin that just concluded its presale yesterday.

Flockerz is a community-oriented project that became very well known due to its new model called Vote-To-Earn. The model was designed to reward token holders who participate in community governance and vote on various proposals.

Simply put, if you vote on a proposal, you get a small amount of FLOCK in reward for your contribution. This is a simple, yet effective, way to ensure that community members will keep coming back.

Flockers

As mentioned, the project just concluded its ICO yesterday, and now, there is a waiting period before users will be able to claim the coins they bought in presale. While they wait, the project decided to allow them to make some last-minute purchases at the token’s listing price.

This means that even if you missed out on the ICO, which raised over $13 million, you can still buy some FLOCK at its ICO price before it goes live, and its value potentially skyrockets. Right now, the token is still available for only $0.0066883, and you can buy it with a bank card or crypto. The countdown on its website shows that there is 4 days left until this extension period ends, the buyers claim their FLOCK, and the token starts emerging on exchanges.

Experts like ClayBro, a crypto YouTuber with over 135k subscribers, believes that FLOCK has at least 10x potential, and could bring massive gains in the near future.