The analyst discusses Plasma or XPL crypto, giving a full update with some fundamental analysis, spending more time on the current technical situation. Last time he covered XPL on Wednesday. While they showed relative strength then, the market circumstances were better. On Thursday and Friday there was bad news and bearish pressure, which pushed XPL down. The leverage to break out got flushed. They are still in consolidation. Watching the video on Wednesday would have prepared viewers. It is not an ideal situation, however. Still a fan of Plasma, did his research, made a decision and still thinks Plasma is a great project. If you have some cash and stable coins laying around, check it out. Total value locked in Defi is $5.142B. He feels obligated to say it because a lot are in long term positions, from much higher than the current price. Personally he scaled in a lot between 70 and 60, so he is still at a loss. He thinks, it is reasonable to expect with different market circumstances, based on technicals, it will reclaim that. There isn’t a lot of strength. Bottoming price action on Friday and recovery with the point of control every day shifting up higher, but below 7 day rolling VWAP. Bouncing against the bottom of the range. For safety, is likely to retest level like 35 cents. Then reclaim the range and stay in the range for now. From the range will get a reclaim of 50 cents and get a rally to the 63 cent level. Then will talk higher.