$POWR

/USDT Technical Analysis: Price Action and Key Levels to Watch

Binance Market Update

The POWR/USDT pair has shown a solid upward movement, currently priced at 0.2725 USDT (+4.29%). Traders are eyeing potential target levels, with the price action setting the stage for key moves in the upcoming hours.

Key Levels:

1. Target 1: 0.2846 USDT

The immediate resistance level is marked at 0.2846 USDT, which aligns with the 24-hour high. A breakthrough here could signal a continuation toward higher levels, pushing the pair toward a bullish trajectory.

2. Target 2: 0.2900 USDT

Further upside momentum could lead the price to 0.2900 USDT, a psychological resistance level. If buying pressure strengthens, this level may be tested, giving traders an opportunity to capitalize on an extended move.

3. Target 3: 0.3000 USDT

A decisive move beyond 0.2900 USDT could bring 0.3000 USDT into play, marking the next major psychological level. This area has potential as a breakout zone, offering substantial upside if POWR continues its positive trend.

Support Zone:

On the downside, the price is supported by the 24-hour low at 0.2529 USDT. Should the market correct, this support zone could help prevent further declines and set the stage for a rebound.

Trading Strategy:

Traders should watch for a break above 0.2846 USDT to confirm bullish momentum. On the other hand, if POWR struggles to hold above this level, a retracement to 0.2529 USDT could offer an opportunity for re-entry.

Stay tuned to Binance for real-time updates and trading insights!