Is $POWR Gearing Up for a Breakout? 🚀📈
$POWR has been hovering just below the $0.20 mark, showing signs of consolidation after a period of gradual recovery. The moving averages are painting an interesting picture—while the 99-day SMA sits at $0.20, keeping the price in check, the shorter 7- and 25-day SMAs have crossed over, indicating a potential shift in momentum. We could be witnessing the calm before the storm here!
The MACD is slightly bullish, with both lines edging into positive territory and the histogram flashing green, though not explosively. This signals that upward momentum is building, but it’s still in its early stages. With volume sitting at 149.88K, it seems that traders are biding their time, waiting for a clearer breakout signal.
If $$POWR an decisively close above $0.20, we could see a rally towards $0.25. But beware—failure to hold this level might send it back to the $0.17 support range. Stay sharp and keep an eye on the volume for confirmation.
For now, the odds are leaning bullish. 🌟