#OCEAN is trading within a bullish channel on the 4-hour timeframe and has reached the bottom of this bullish channel
If price breaks below the bullish channel, it could potentially fall further
The potential support zone is identified between $0.80 and $0.85
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Are there top energy companies using blockchain technology?
Yes, Blockchain technology has the potential to revolutionize the renewable energy sector and usher in a new era of decentralized, consumer-driven power generation. At its core, blockchain is a distributed ledger that allows secure recording of transactions and data sharing across a decentralized network of computers without the need for a central authority. When applied to the energy sector, blockchain opens up exciting possibilities to increase efficiency, lower costs, and accelerate the transition to clean energy.
In the current outdated model, energy grids are centralized and consumers have little choice or control. Energy is generated at large fossil fuel plants and transmitted to end users. But this model is proving increasingly inefficient. Renewable sources like solar and wind are now cheap enough to compete with traditional fuels. Innovations like smart meters and battery storage allow households to generate, store, and trade energy. Blockchain allows linking up all these new technologies and users in an intelligent networked grid.
