$POWR / USDT Showing Signs of Bullish Momentum – Watch for Breakout! ⬆️
Power Ledger (
$POWR ) is currently trading at $0.1503, experiencing a pullback of -2.78% on the 4-hour chart, but still up +1.14% for the day. After a period of consolidation, there are indications of renewed bullish interest.
📈 Key Observations:
Current Price: $0.1503
Bounce from Low: Notice the bounce from the 24-hour low of $0.1467, suggesting buyers are active at lower levels.
Testing Resistance: The price is currently testing a resistance level around the $0.1520 - $0.1540 area. A successful break above this could signal further upward movement.
Moderate Volume: The 24-hour volume for POWR is at 4.55M, indicating moderate trading activity.
🎯 Potential Bullish Scenario:
A sustained break above the $0.1540 resistance could lead to a move towards the recent high of $0.1558 and potentially higher targets.
Increased buying volume on the breakout would provide further confirmation.
🛡️ Key Support Level:
The $0.1490 - $0.1500 zone is acting as potential short-term support. Holding above this level would be encouraging for the bulls.
🧐 What to Watch For:
Breakout Confirmation: Monitor for strong buying volume and sustained trading above $0.1540.
Retracement Levels: If a pullback occurs, watch if the price holds above the $0.1490 - $0.1500 support zone.
$POWR is showing promising signs of bullish momentum and is approaching a key resistance level. Keep a close eye on a potential breakout above $0.1540 for further upside.
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