$POWR POWR/USDT Perpetual (4h) - Technical Analysis Update

Key Metrics:

• Price: $0.3116 (+5.06%)

• 24H High/Low: $0.3953 / $0.2887

• Break-Even Price: $0.3174

• Volume: 3.71M (4h)

• Moving Averages:

• MA(5): $0.3359

• MA(10): $0.3219

• MA(25): $0.2940

• MA(50): $0.2755

Observations:

1. Trend Analysis:

• The chart shows a sharp spike in price followed by a correction from the $0.3953 high.

• Current price action is stabilizing just below the MA(5), indicating short-term resistance.

2. RSI (Relative Strength Index):

• RSI(6): 46.81

• RSI has dropped from overbought levels, suggesting selling pressure has increased but is moderating.

3. MACD (Moving Average Convergence Divergence):

• MACD is flattening with a bearish histogram, reflecting reduced bullish momentum.

• No significant crossover signal yet.

4. OBV (On-Balance Volume):

• OBV shows a spike, indicating strong buying volume during the upward surge, but volume is tapering off during the correction.

Key Levels to Watch:

• Resistance Levels:

• Immediate: $0.3350 (MA5).

• Secondary: $0.3700 (psychological level).

• Support Levels:

• Immediate: $0.3000 (psychological level).

• Critical: $0.2750 (MA50).

Trading Strategies:

For Long Positions:

• Entry: Above $0.3200 (with volume confirmation).

• Targets: $0.3500 / $0.3700.

• Stop Loss: $0.3000.

For Short Positions:

• Entry: Below $0.3000.

• Targets: $0.2750 / $0.2600.

• Stop Loss: $0.3200.

Outlook:

POWR experienced a strong rally but is now in a cooling-off phase, with the potential for further correction if it fails to reclaim the $0.3200 level. Traders should monitor the $0.3000 support zone closely for signs of a rebound or breakdown. Use proper risk management strategies.