The current trend of the Plasma stablecoin public chain is under pressure. The token XPL hovers around $0.14, down more than 7% in the past 24 hours, with a total decline of 19.28% over two weeks, indicating a weak market sentiment.

However, from a fundamental perspective, the chain's competitiveness remains intact—zero transaction fee model, BTC-level security, full EVM compatibility, plus the stablecoin deposit scale has surpassed $7 billion, demonstrating solid capabilities in ecosystem development and technological advancement.

But caution is needed as there will be a large unlock in July 2026, involving approximately 25% of the circulating tokens. This kind of supply expansion often puts downward pressure on the price. In the short term, attention should also be paid to market volatility and profit-taking.

In terms of price range, the short-term support may be around $0.11, but over a one-year horizon, the $0.32 to $0.35 range is possible. The potential is significant, but so is the volatility—typical of a risk-reward imbalance situation.