Binance Technical Analysis: POWR/USDT - 3 Key Targets to Watch 🎯
The POWR/USDT pair has shown strong momentum in the past 24 hours, with a significant price surge of +25.70%. As of the latest data, the price stands at $0.3903, following a high of $0.4200 and a low of $0.2885. Let's dive into the technical analysis and highlight three key price targets to keep an eye on!
📊 Key Technical Levels:
Current Price: $0.3903
24h High: $0.4200
24h Low: $0.2885
SAR (Stop and Reverse): $0.3647
🎯 Target 1: $0.4200 (Recent High)
Bullish Signal: The recent high of $0.4200 is a critical resistance level. A successful break above this point could signal continued bullish momentum, opening the door for further upside.
Price Action: A break above $0.4200 may lead to a potential retest of the $0.44 - $0.45 range.
🎯 Target 2: $0.3647 (SAR Level)
Support Zone: The SAR level of $0.3647 serves as an important support. If the price dips, this level could act as a solid foundation for a potential reversal or consolidation.
Bearish Reversal: A failure to hold above $0.3647 could signal a shift towards a bearish trend, with the next key support levels being $0.33 and $0.30.
🎯 Target 3: $0.2885 (24h Low)
Critical Support: The 24h low of $0.2885 is the ultimate support. A break below this level would indicate a significant price correction, potentially reaching the $0.25 zone.
Risk Management: Traders should be cautious and consider stop-loss strategies if the price approaches or breaks below this level.
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